Small Balance Commercial - Direct Lender - No Tax Returns Needed!
Breakdown of our LITE-DOC Small Balance Commercial Program for loan amounts $100K up to $2,000,000:
Loan Purpose: Purchase/Refinance/Cash-Out
Property Types: Multifamily, Mixed-Use, Retail, Warehouse, Self Storage, Officer, Light Industrial, Mobile Home Parks, Restaurants, Day Care, Automotive
Terms: 5 year ARM, 30 year Fixed
Documentation: No Tax Returns needed
Max LTV: 75%, Max LTV for Cash Out Refinance: 70%
Minimum FICO Score: 650
Minimum DSCR: 1.15
Stabilization: Minimum 75% Occupancy over last 90 days
Prepayment Penalty: Declining 5,4,3,2,1%
This is an aggressive Small Balance Commercial program with pricing based more on DSCR and Borrower Credit Score than other factors. We lend in 45 states. Please look closely at the list of property types above. Many companies only offer Lite-Doc on multifamily and mixed-use, while we offer Lite-Doc on a great variety of commercial properties. If needed, I also offer a No-Doc program for multifamily and mixed-use, just deduct 5% from the LTV listed above for No-Doc. That program has a minimum credit score requirement of 680.
Please shoot me a text with questions, or email me your loan scenario, borrower qualifications, and property details. My job is to make Mortgage Brokers and Real Estate Investors as much money as possible! I don't get paid unless you get paid so let's work together to make some money!
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