we are a Scotsman Guide approved wholesale commercial lender for small balance commercial loans from $100k to $5 million.  We specialize in a STATED 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).  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.  I look forward to working with you!

 

Please find attached some literature about our great niche.  Our one page broker agreement has no buy back clause!!!!

 

NO INCOME VERIFIED

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

NO TAX RETURNS

NO CPA LETTER

NO W2s  

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 4506t

NO BALLOON PAYMENT

NO MAXIMUM NUMBER OF PROPERTIES OWNED

NO EMPLOYMENT VERIFICATION

MINIMUM 650 MID FICO

OK for 1-4 UNITS, CONDOS, PUDs, MIXED USE, 5+ UNITS, COMMERCIAL

OK FOR SALARIED/W2’D BORROWER

REBATE PRICING (MAX 5 FRONT AND BACK END POINTS TOTAL)

UNSEASONED FUNDS TO CLOSE OK (CERTAIN RESTRICTIONS APPLY)

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dfeingersh@velocitycommercial.com

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