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 PAY STUBS
NO YTD PROFIT & LOSS
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)