• $100K to $1M
  • No Impounds
  • Rural Properties
  • Property w/ deferred maintenance
  • Buy-down
  • Gift of Equity or Inheritance
  • Residential properties are being used as care facilities.
  • Foreign National w/ US. credit
  • Foreign National w/o US. credit
  • All foreign national loans must have ACH set up and proof of bank account from which ACH will draw. All proceeds must be wired to that account.
  • Property currently listed or listed in last 6 months

Area of Lending:

  • N/O/O Business purpose loans: AZ, CA, CO, ID, NV, OR, TX, UT, WA, and WY.
    *licensed broker required for AZ, ID, NV, OR and UT

Property Types:

  • Residential Property Types (2 to 4 Units):
    • SFR’s
    • Condos
    • Condotels
    • Townhouses

Purpose: Business Purpose only.

Occupancy: Non-Owner Occupied

Loan Amounts: $100,000 – $1,000,000

Lending To:

  • Individuals
  • Family Trust
  • LLC’s / Corporations / LLP’s

Income Documentation: All loans are N.I.V (no income verified – no income stated)

Down Payment: Source Down and Closing Costs (1-month bank statement)

DSCR: No DSCR calculated on ANY Residential collateral

Ancillary fees paid at closing:

  • $1,995 Underwriting
  • $555 Doc fee if the property is held in entity.

Rate Lock: Rate floats until DOCs are provided.

Federal / State Tax Liens & Judgements:

  • All income tax liens and judgments must be paid through closing if they are in excess of $2,500.
  • All income tax liens and judgments must be paid through closing if it affects the title.

Property Condition: Must have minimal deferred maintenance.

Max Broker Points: 3%

Investor Approval: All loans are subject to presale in the secondary market.