Natalie Dumont's Discussions
Non-Prime CRE permanent financing with bank rates and no points
Started Nov 27, 2017 0 Replies 0 Likes
Conventional loan requirements getting in the way?BofI Federal Bank is offering income property lending solutions that traditional lenders cannot.We are a NON-PRIME commercial bank financing…Continue
Conventional loan requirements getting in the way?
Started Oct 10, 2017 0 Replies 0 Likes
Commercial loan requests don’t always fit into a neat little box.BofI Federal Bank is offering income property lending solutions that traditional lenders cannot. We are a NON-PRIME commercial bank…Continue
UNDISCLOSED REBATES TO BROKERS UP TO 2 pts from COMMERCIAL BANK!
Started Sep 19, 2017 0 Replies 0 Likes
~ BofI Federal Bank ~(call Natalie at 617-833-1565 or email at ndumont@bofifederalbank.com)Do you have a client buying/refinancing a multi-family or small balance commercial property in good market…Continue
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- Company name and description
- Bofi Federal Bank is a portfolio, non-prime lender. We mostly work with brokers and pay our brokers UNDISCLOSED REBATES up to 2pts. Brokers can offer either PAR pricing to their clients or charge extra points upfront in addition to YSP paid by us.
We do NOT offer hard money programs, but our typical borrower is someone with a scratched profile (A-C type). Our current rates start at 4.5% and depend on the property tier and borrower profile. We offer VERY common sense UW.
Examples of "slightly scratched" transactions we closed in the past include:
-Low FICO
-Unemployed borrower
-Illegal units in the building
-Foreign Nationals requiring non-recourse (up to 65LTV)
-Break-even DSCR
-Foreclosures, Bankruptcies, Judgments
-Title violations
-Recent mortgage lates
-Low and negative global cash flow
-Very low borrower's liquidity and/or net-worth
-No rental or management experience
-IRS tax liens
-Properties in high crime area
-Sponsors with open law suits
-Poor historical operating statements
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