Stated Income - No proof of personal income needed - Asset Based Lending.
New funding source! Primarily asset based.
1sts - 2nds - and even 3rds
Residential – Commercial
(No owner occupied SFD)
No minimum FICO
No Bank Statements needed
No Tax returns needed
LLCs and Corporations OK
Bad Credit OK
75% Max LTV on 1sts
65% Max CLTV on 2nd and 3rds
Max loan on 1sts - $7,000,000
Max loans on 2nds - $2,000,000
Interest rates. On firsts, starting at 7.20% IO or fully amortized. On seconds, starting at 9.39% - interest only.
Each scenario is, obviously, a case by case basis.
AL, AK, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID(C), IL(C), IN, IA, KS, KY, LA, ME, MD, MA, MN(C), MS, MO, MT, NE, NH, NM, OH, OK, OR(C), PA, RI, SC, TN, TX, UT(C), VA(C), WA, WV, WI, WY
Helping people with private and hard money for 30+ years.
And, offering additional possibilities....
Liaison to a $200 million lending fund.- up to $20 million per loan. (Different than above.) Trust deed states only for this fund.
(Multiple sources available for all 50 states)
Inquiries via e-mail with details get priority response