• No Balloon payments – Yes, 30 years fully amortized!
  • No “point” base pricing – Yes, NO Points!
  • Pre-pay and No Pre-pay options available!
  • Short term Bridge-Loans are also available – Call an AE for details.
  • No DSCR Calculated
  • 5/25 with 0, 1, 2, 3 and 5-year pre-payment privileges.
  • Level 1 and 2 Pre-pays or No Pre-Pay if requested.
  • Source of Down Payment for only 30 days.
  • 100 % Gift is allowed.
  • N/O/O Properties ONLY!

Area of lending: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MN, MO, MS, MT, NC, NH, NE, NJ, NM, NV, NY, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV, WY
*licensed broker required for AZ, ID, KS, MO, MT, NE, NV, OR & UT)

Lending in Chicago, Baltimore, and Hartford on CBC basis only!

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

Purpose: Business Purpose only.

Occupancy: Non-Owner Occupied

Loan Amounts: $100,000 – $1,000,000

Loan Terms: 5 and 7-year interim fixed variable rate or 30-year fully amortized product Index – 1 year Libor – Margin 7.95 – Caps 2/2/6 – Floor = Start Rate.

Lending To:

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

Pre-Payment Protection:

  • Type of Prepay
    • Level 1 – 5% of the amount prepaid.
    • Level 2 – 6 months interest on 80% of the balance.

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

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

DSCR: No DSCR Calculated

Ancillary fees paid at closing:

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

Rate Lock: Rate floats until DOC’s are delivered.

Federal / State Tax Liens & Judgements:

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

Property Condition: Must have minimum deferred maintenance.

SFR Being used as Care Facility: Property must have no modifications to a traditional SFR; must show pride of ownership with no deferred maintenance.

Max Broker Points: 3%

Minimum Rate: 7.50%