NO DOCUMENTATION / STATED INCOME – NON BANK LENDER

Offering flexible, fast and favorable fixed rate loans for income producing real estate! Simple process: Credit score, appraisal = funding!

Multi-Family, Mixed-Use, Office, Retail, Strip Centers, Warehouse, Self-Storage, Automotive Service. 1-4 unit Investor property, Non-Owner Occupied, Condo’s and SFR’s also eligible.

Loan sizes: $100,000 – $5,000,000 Million Dollars

Loan Types: Purchase, Refinance, Un-limited CASH OUT

Minimum Credit Required: 650 Fico Score

Loan Term: 30 Year Fully Amortizing Loan, fixed for initial 5 years. (No Balloon or Maturity)

Underwriting: Maximum LTV is 75% Secondary Financing Allowed to 80 CLTV!

Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.

Rates: Competitive Rates determined deal-by-deal, based on loan amount, credit profile, property type. Generally our pricing is somewhere between banks and hard money but with lower monthly payments!

We do not lend on raw land, vacant properties, rehabs or construction projects.

A PERFECT alternative to bank’s rigid lending guidelines and excellent fit for the self-employed borrower or those with slightly less than optimal credit scores;

NO TAX RETURNS
NO PROOF OF INCOME
NO PERSONAL DEBT SERVICE COVERAGE REQUIREMENTS
NO INCOME VERIFIED
NO ASSETS VERIFIED (for purchase will verify down payment)
NO YTD PROFIT & LOSS
NO W2s
NO PAY STUBS SS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
NO 4506
NO BALLOON PAYMENT
NO MAXIMUM NUMBER OF PROPERTIES OWNED
NO EMPLOYMENT VERIFICATION

OK FOR SALARIED/W2’D BORROWER

MINIMUM 650 MID FICO SCORE

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Replies to This Discussion

Permalink Reply by Glenroy Henry on October 2, 2014 at 3:24pm

please send me info solidcllc@aol.com

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Permalink Reply by John K Visser on October 2, 2014 at 6:25pm

Hi Jamie

Let's talk and see if we can work out something.
I am a small private investor in income properties looking to move up to higher grade multi family income properties in Florida

My credit score is around 770 ..
Please feel,free to contact me anytime
John

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Permalink Reply by Jamie A Wilson on October 3, 2014 at 7:15am

Hi John, Please feel free to call me to discuss at 954-328-5697. I look forward to speaking with you!

Jamie

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Permalink Reply by Byron Gashler on October 3, 2014 at 12:10pm

Jamie: I like your program, however, your program requires 20% as a down payment. Can a free & clear property be cross collateralized in lue of the 20% down payment if there is enough equity in the property being cross collateralized?

If so, please email me back: mogel007@yahoo.com

Byron

Phone: (319) 855-5922

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Permalink Reply by Jamie A Wilson on October 3, 2014 at 2:01pm

Hi Byron, I can't cross collateralize but I can do a cash out refi on the free and clear property and use it for the down payment. My LTV is 75% with an 80% CLTV. The seller can hold 5%. My contact number is 954-328-5697. Thanks!!

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Permalink Reply by Byron Gashler on October 3, 2014 at 3:09pm

Jamie: What is your email address? What is the interest rate range and points required, and upfront fees on a loan against a free & clear property at a 80% CLTV assuming a credit score of 681 at Credit Karma?

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Permalink Reply by Jamie A Wilson on October 6, 2014 at 10:23am

Hi Byron,

Remember this is a NON bank stated income loan designed for self-employed and “slightly-un bankable” borrowers. Best rates are for multi-family, mixed use and 1-4 units at max 75 LTV (700 credit, loan amount over $750K is low 8%’s.) Highest rate is for anything other than multi-family and small loan amounts with credit 699 and under would be just under 10%. Points are 2%.

ALL LOANS ARE 30 YEAR FULLY AMORTIZING = LOW MONTHLY PAYMENTS!

Jamie Wilson w_jamie@bellsouth.net