This loan provides financing with a limited documentation loan application. Stated property cash flow and personal income underwriting support the financing (financial satatements or tax returns are not required). Business owner occupancy is required.

• Up to 90% LTV .
• Cash-out Refinances and Purchases.
• Loans up to $1.5 Million.
• No Financial Documentation
• No Tax-Returns Required.
• Borrower to Occupy 25% of the Property.
• SBA 7A and 504 Loans Available.

Loan Program Conditions

• Acquisition or refinance
• 25% business owner occupancy minimum

Loan Procedures

• Typically 35-day closing
• Normal real estate closing costs

Eligibility Requirements

• Most operating businesses are eligible

Qualifying Standards

• FICO score minimums
• Stated cash flow from property and stated personal income
• Proof of rent paid for the last twelve months consecutively
• Proof of two-years in business
• Availability of down payment or seller assisted down payment
• Real estate environmentally clean and of value

Maintaining the Loan

• Monthly payments in excess of the loan amount are allowed
• Prepayment of principal (some limitations) allows a lower monthly payment

Paying off the Loan

• Variable rate loans carry prepayment penalties for the first five years of 3%, 5%, or 7%. Typically 20% of the principal balance can be prepaid per year without penalty
• Fixed-rate loans carry prepayment penalties for the first five or six years (5% or 7%) or ten years declining 10,9,8,7,6,5,4,3,2,1%. Typically 20% of the principal balance can be prepaid per year without penalty.

Conventional Loans

Investor Loans

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PLEASE CALL FOR FULL PROGRAM DETAILS:
888.393.6822