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_______________________ BRIDGE ...Purchase ...Refinance ...Cash out |
EXPERIENCED ______________ LTC% LTV% 80 80 80 80 75 75 |
NEW INVESTOR _______________ LTC% LTC% 75 75 75 75 70 70 |
RATES _______ Call |
GUUIDELINES _________________ Minimum loan $100,000 Maximum loan $2,000,000 |
LIGHT CONSTRUCTION ...Purchase ...Refinance ...Cash out |
90 90 80 80 80 75 |
80 80 80 70 75 65 |
Call |
Track Record Experienced 3+ New 0 - 5 |
HEAVY CONSTRUCTION ...Purchase ...Refinance ...Cash out |
80 80 80 80 80 75 |
NA NA NA |
Call |
Light construction Less than 50% of loan Heavy construction More than 50% of loan |
COMMERCIAL
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1 - 4 Residential Investment
Multi-family Mixed-use
Warehouse Self-storage Automotive Light industrial
Mobile home parks
FICO: 650+ LTV: up to 80% Rates: Call Term 5 Year ARM 30 Year Fixed DSCR: 1.15 Prepay: 55555 555 54321 Adustments: Loan Size 15 year term 25 year term Prepayment Bank Statement loan Tier 2 30 Year fixed |
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Programs: Full Documentation No Documentation No Bank Statements No Tax Returns 1 - 4 UNITS ___________________ Minimum loan$100,000 Maximum loan: $2,000,000 Term: 30 Years / 5 Year ARM FICO: 650+ DSCR: 1.1 Prepay: Several options Rents: Lower of market or in place Borrowing Structure: Close in entity name Impounds: Taxes and Insurance LTV: Purchase up to 80% LTV: Refi up to 75% LTV: Cash-out up to 75% LTV % RATES* Call for details * Rate adjustments: Credit score LTV DSCR Property type - condo, 1 - 4 units, Borrower application must show: Cash to close 6 months reserves _________FOREIGN NATIONAL_________ Documents must show 9 Months PITI SUBMISSION DOCUMNTS REQUIRED Application Rent Roll Operating Statement Driver's License We do not lend in the following states: AZ ID NV OR MN UT ND NE VT SD AK HI |
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