| Program
Features
Amortization
options: 15, 20, 30 Years
Fixed or Adjustable Rate loans: 6 Months, 2 Year, 3
Year and 7 Year
Limited cash-out up to $1,000,000
Seller financing permitted up to 95% CLTV (Credit Driven)
Owner-occupied or investors
No depository relationship required
All types of entities considered
No loan committees
Seller concession up to 3 %
No limit on the number of units or properties
LTV + CLTV options to 95%
Standardized closing documents to reduce attorney fees
1.0 to 1.2 DSCR range
Flexible
prepayment buyout options
Eligible
Property Types
Multi Family
Mixed- Use
Office
Retail
Warehouse
Self Storage
Light Industrial
Mobile Home Parks
Bed & Breakfast
Ineligible Property
Churches
Auto Body Repair
Environmental Concerns
Pre-approvals
Within 48 to 72 hours
Qualify
Two Ways
Debt Service Coverage Ratio (DSCR) and or Debt-To-Income.
Conditions
Not Accepted
Bankruptcy less than 7 years
Delinquent mortgage payments in last 12 months
Third
Party Fees
Appraisal $1,200 to $2,200
Flood Certification
Environmental Insurance: $400-600
Attorney Fees: $750-2,000
Title Insurance: Standard state rates
Closings
Within 30-45 days.
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