If you own an investment property or you are looking to purchase an investment property and you also cannot verify or show your income, we are introducing a mortgage program that fits perfectly. Its NON-QM loan meaning, not a qualified mortgage which is subject to different pricing and different guidelines. This particular program is only intended for investment properties, NO primary residences are allowed under this No income No asset program. Below is a quick snapshot of what this program is capable of.

• 640 Min FICO
• NO INCOME / NO ASSET (Credit and Collateral Loan only)
• N/O/O (Non-Owner Occupied) Properties only
• $2,000,000 max loan amounts
• 75% max LTV
• No Reserves Required
• No Prepayment Penalty
• SFR ( single family residence), Condos, and 2 – 4 units Allowed
• 2 – 4 Units (5% LTV reduction)
• 2 – 4 Units max 70% Cash Out
• CLOSE IN LLC, Partnership or Corporation Name
• No DSCR – No Debt Service Coverage Ratio
• 1x30 Mtg lates in last 12 months on Primary
• 1x60 Mtg lates in the last 12 months on other Properties
• 6 months Seller Seasoning required
• Interest Only Option Available!
• Purchase 75% max LTV
• R/T ( rate and term) REFI 75% max LTV
• C/O ( cash-out )70% max LTV
  • Cash Back up to $250,000 70% max LTV
  • Cash Back $250k – $500k 65% max LTV
• 2 Yrs BK Seasoning
• 2 Yrs FC Seasoning
• 2 Yrs Shortsale / DIL Seasoning
• 3 Tradelines for 12 months + or 2 Tradelines for 24 months +
• 1 Appraisal up to $1,000,000 loan amount
• 2 Appraisals $1,000,000 – $2,000,0000 loan amount
• 3/1 Arm and 7/1 Arm only
• 7/1 Arm Interest Only Option Available

To learn more about his program please contact our office.

Contact us today for a FREE consultation at (800) 535-0270 or email us here.

*This product is not regulated by the New York State Department of Financial Services

As we continue to build our business relationship with our clients, we are excited to announce our new Stated Program for owner-occupied commercial properties ONLY.

Below please find our minimum eligibility for you to send in your deals for review.

If the deal is a good fit, we will issues a LETTER OF INTENT to outline the basic structure of the proposed loan within 24-48 hours.

Eligibility

• Minimum middle Fico score of 700

(if multiple guarantors, all other borrowers/guarantors must have a minimum of 650)

• Business must be in existence for 5 years (on subject property)
• Experian Business Score:

1. a) Minimum Intelliscore Plus of 41
2. b) Minimum Financial Stability of 50

• Minimum DSCR of 1.10x
• 80% Occupancy Required over 90 day trailing
• 6 months reserves
• Net Worth requirement on loan amounts exceeding 1M

Benefits:

• No Personal or Business Tax Returns
• No Business Financial Statements
• Up to 75% LTV (depending on credit score)
• 250K To 2M Loan Amount

Contact us today for a FREE consultation at (800) 535-0270 or email us by clicking here.