Cash Out Allowed for Any Purpose $250K to 5 Mil Nationwide

Stated Portfolio Program - $250K - $5Million Nationwide

 

Not available in IL. MI, ND, SD, TN and VT

 

No Tax Returns, No W-2’s

Class I – 75% LTV | Class II – 70% LTV / 80% CLTV Max

 

3 year Fixed from 8.50% up to 9.50%

5 year Fixed from 9.50% up to 10.50%

Loans < $750K add .50% to above Rates

 

No Balloon – Rolls to an ARM 6 MO LIBOR plus 5% -

 

Rates are Based on Credit Score, LTV and Property Type

 

Contact – Susan Lam – RoyalRealty@live.com - (832) 819-1822

 

 

Cash Out Allowed for Any Purposes

 

 

Max LTV of 65% if paying off an existing note

Max LTV 50% if property is free clear

 

Purchase | Refinance | Cash-out Refinance

Class I: Multifamily (5+ units) & Mixed-Use

Class II: Office, Retail, Warehouse, Self-Storage, Mobile Home Parks, Automotive services

Note: No Office Condos at this time

 

30 years fully amortizing

PPP: 3 yr – 5,5,5, and 5yr – 5,5,5,5,5,

Loans and PPPs are assumable for 1% at discretion of Lender

Class I – 1.20 | Class II – 1.30

Mid Score: 650+

 

Population – Location of Property

Property must be located in a town of 100,000 or more or be 5,000 or more and within 25 miles of a town with 100,000 or more

 

Contact – Susan Lam – RoyalRealty@live.com - (832) 819-1822

 

Views: 57

Comment

You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

© 2020   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service