~ BofI Federal Bank ~
(call Natalie at 617-833-1565 or email at email@example.com)
Do you have a client buying/refinancing a multi-family or small balance commercial property in good market with good cash-flow who was TURNED DOWN BY A LOCAL BANK (Fannie/Freddie)? Or is your client buying a RECENTLY RE-DEVELOPED BUT ALREADY STABILIZED PROPERTY WITH NO HISTORICAL OPERATING STATEMENTS?
NO NEED TO SEND YOUR CLIENTS TO SOFT OR HARD MONEY LENDERS!
WE CAN HELP!
Please send them our way. We are a non-prime federal bank.
-Nationwide lending in $1MM+ MSA markets
-Typical properties: MFs (up to 200 units), student and Sr. housing, and any SBC (except single-tenant). Stabilized income properties only.
-We pay UNDISCLOSED YSP to brokers up to 2pts
-Offer PAR RATES to your clients (rates start at 4.5%)
-Strong Foreign Nationals program
-Reverse 1031 Exchange program
Please contact me at 617-833-1565 or firstname.lastname@example.org
EXAMPLES OF CLOSED DEALS:
-borrower having no rental or management experience
-FICO in 500s
-Temporarily unemployed borrower with low or even negative global cash flow
-Very low liquidity and/or net-worth
-Tax liens or Sponsors with open law suits
-Recent mortgage lates, foreclosures, bankruptcies or judgements
-Poor historical operating statements
-Illegal units in the building
-We have no parking per unit requirements