Owner User - Full Doc
WE OFFER
- Loans up to $5 Million
- Up to 90% financing on building purchases
- Refinances up to 85%
- Cash out up to 75%
- Minimum 600 average credit score
- Greater than 25% occupancy required
- Preferred pricing for larger loans and lower LTV loans
- Multiple prepayment penalty options
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Investor
WE OFFER
- Loans up to $5 million
- Up to 75% LTV on building purchases
- Minimum 680 average credit score
- 50% or less owner occupancy
- Minimum 90% or better stabilized occupancy within last 90 days
- Designed for multi-use commercial, mixed-use and multifamily properties
- Ineligible property types and business uses include: auto repair shops, contractor yards and dry cleaners
- Preferred pricing for larger loans and lower LTV loans
- Multiple prepayment penalty options
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Owner User - Stated Income
WE OFFER
- Loans up to $2 million
- Up to 70% financing on building purchases
- Rate/Term Refinances up to 60% LTV
- Cash out Refinances up to 50% LTV (no free and clear properties
- Up to 93% CLTV only on purchases with 504
- Minimum 680 average credit score for purchases and r/t refinances
- Minimum 700 average credit score for cash out refinances
- Greater than 50% occupancy required
- No NOI or cancelled checks (purchase) required
- Multiple prepayment penalty options
- No automotive repair, real estate sales/finance related or contractor (land) yards
- No BK or Foreclosures
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Multifamily
WE OFFER
- Loans up to $5 million
- Up to 75% LTV on building purchases
- Minimum 680 average credit score
- Minimum 90% or better stabilized occupancy within last 90 days
- 30-year Fixed Rates
- 1.2x DCSR underwritten to the property's net cash flow
- Multiple prepayment penalty options
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