SIMPLE DOC loans for both 1-4 Unit Residential Investment and Commercial Properties.

RATES FROM 6.49%, MAX LTV up to 75% WITH ABSOLUTELY :

NO INCOME VERIFIED

NO ASSETS VERIFIED (for purchase will verify down payment, and for 1st time homebuyer possible 2-3 months reserves)

NO TAX RETURNS

NO CPA LETTER

NO W2s

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 12-24 MONTHS BUSINESS BANK STATEMENTS

NO 4506

NO BALLOON PAYMENT

NO MAXIMUM NUMBER OF PROPERTIES OWNED

MINIMUM 650 MID FICO (will even go below 650 with compensating factors)

OK for SFRs, 2-4 UNITS, CONDOS, PUDs, MIXED USE, 5+ UNITS, COMMERCIAL

OK FOR SALARIED/W2’D BORROWER

REBATE PRICING (UPTO 5 PTS TOTAL F/B)

We are a wholesale commercial lender for small balance commercial loans from $100k to $5 million.  We specialize in a SIMPLE INCOME DOC loan for 1-4 unit investment and commercial properties.  With just a minimum mid fico of 650, you can get up to 75% LTV max with absolutely NO INCOME NO ASSETS verified (except for purchase, need to verify 3 month seasoning for down payment).  I believe this would be a helpful investment tool for some of your clients to meet their investment property financing needs.  We are between institutional bank and hard money financing.  We offer a more cost effective financing solution versus traditional hard money.  Thank you.

 

Steve X. Dao,

Wholesale Commercial Loan Officer

Velocity Commercial Capital

DRE Broker#01327633    NMLS#869952

30699 Russell Ranch Rd, Suite 295

Westlake Village, CA 91362

PH 866.505.3863 ext. 346

PH 818.338.9546 – direct #

FAX 818.338.9746

 

sdao@velocitycommercial.com

www.vcc-inc.com

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Comment by Ben Ogunjobi on April 5, 2014 at 4:14pm

Hi Steve - Do you do lending in Massachusetts and also do you do new construction. Please contact me at bogunjobi@msn.com

Comment by Dee Grisamore on April 2, 2014 at 7:53pm

Looking for Loan to purchase and flip a single family maintenance provided villa. Purchase price is $325,000. Rehab cost $15,000 maximum. After rehab price $415,000. Close May 15,2014. Anticipate the sale within 90 days. Need loan of $340,000. Please contact Dee Grisamore dee@grisamoregroup.com.  or913-940-1666

Comment by Versatile - CEO on April 1, 2014 at 2:29pm

Hi Steve,
 
Feel free to contact us directly to introduce yourself and validate that you are an actual direct lender. This procedure is in place to assure that our packages are not posted all over the internet by intermediates and that our deals always stay direct. We purchase most of our properties through banks, reo groups, private sellers, etc. WPI clients benefit from all our full service brands of providing private money real estate loans, buying and selling real estate and our “Buy/Lease” program for homebuyers with good or bad credit.  Contact us for more details on our inventory and additional investment opportunities. We cannot assist anyone through email only communication and prefer to talk directly so that we can answer all your questions.  We currently have over 15,000 investors in our network that contact us for lending opportunities and we look forward to business expanding with companies/individuals that have full transparency on their need or abilities. This inquiry has been registered under your name and/or your company name. 
 
With the vast amount of responses for our investment postings it's best you call us back directly for a faster response. We have a no pressure sales approach so call us when you are ready. Times to call M-F 9am-5pm, Sat 10am-4pm EST. Sundays feel free to call and leave a message for a return call.

 

                                                     Testimony

 

"As an experienced real estate broker and investor, I have worked with numerous other lending sources, however WPI proved to be one of the best and fastest. I contacted them with only a little over a week to close on an REO Rehab Project and they got it done in record time and at much better terms than I was able to secure on my own. They will even be assisting me with finding a qualified buyer once we are done with renovations. Thank you WPI for your hard work and professionalism. I look forward to building a long business relationship with WPI, and I encourage others who are looking for an outstanding experience, to do the same." G. Dabney - Investor/Owner Broker - Washington DC 

 

Admin
The WPI Group
800-535-1230
http://buywpi.com/PrivateMoneyLoans.htm  

wholesalepropint@gmail.com

Comment by Christopher Hepburn on March 13, 2014 at 12:05pm

I have a 2 unit I own that I am looking to get rehab funds for to get it rented.  Can you help?  Please send info to purplepliers@ptd.net

Comment by Steve Dao on December 17, 2013 at 10:12am

HI Alex,  Disregard.  I found your email address.  Sending info now.  Thank you.

Steve X. Dao,

Wholesale Commercial Loan Officer

Velocity Commercial Capital

DRE Broker#01327633    NMLS#869952

30699 Russell Ranch Rd, Suite 295

Westlake Village, CA 91362

PH 866.505.3863 ext. 346

PH 818.338.9546 – direct #

FAX 818.338.9746

Comment by Steve Dao on December 17, 2013 at 10:11am

Please send me your email address so I can email some information on rates and guidelines.  Thank you.

Steve X. Dao,

Wholesale Commercial Loan Officer

Velocity Commercial Capital

DRE Broker#01327633    NMLS#869952

30699 Russell Ranch Rd, Suite 295

Westlake Village, CA 91362

PH 866.505.3863 ext. 346

PH 818.338.9546 – direct #

FAX 818.338.9746

Comment by Steve Dao on December 17, 2013 at 10:08am

Hi Alex,

I get this same response a lot.  However, this is all TRUE.  We can do 1-4 unit Residential (SFR, Condos, PUDs, 2-4 units) only as investment/non-owner occupied properties (except for 2-4 units, owner can live in one of the units).  These are income earning properties and are done as commercial loans on a commercial loan application.  Thus the portion of Dodd/Frank that requires "verification of the capacity to repay back the loan" does not apply.  Please send me your email address (I couldn't find one on your website from below).  Thank you. 

Steve X. Dao,

Wholesale Commercial Loan Officer

Velocity Commercial Capital

DRE Broker#01327633    NMLS#869952

30699 Russell Ranch Rd, Suite 295

Westlake Village, CA 91362

PH 866.505.3863 ext. 346

PH 818.338.9546 – direct #

FAX 818.338.9746

Comment by Alex Hamilton Jr. on December 16, 2013 at 10:18pm

Sounds to good to be true but, call or visit www.hamiltoninvestmentproperties.org, maay have some business for you

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