Absolutely NO DOC UNDERWRITING

Absolutely NO DOC UNDERWRITING
Our programs are Asset Based LendingWE DO NOT LOOK AT THE BORROWER!!!

SO No
No credit report!
No 1003!
No bank statements!
No tax returns…EVER!
No sourcing of funds!

Some deals close with just 40% down, first mortgages only, rates from 8.99% to 9.50%, interest only up to 60 months, first year prepay of 2%, lender points 2, purchase, cash out or rate and term refi, escrows required, our appraisal required and phase one environmental as required on properties.

RESIDENTIAL RATES:

Term: 5 years Interest Only | Rate: 8.99% | Points: 2

Foreign Nationals OK! We have our own in-house attorney that handles all closings quickly. ANY COUNTRY ANY PLACE! Residential properties must be closed in an entity like an LLC and cannot be owner occupied. Lending decisions are made in-house so we can give you an answer quickly – no time wasted!

THE BASICS:

  • NON Residential Properties: 9.50%, Lender Points: 2
  • Residential Rate: 8.99%, Lender points: 2
  • Term: 60 months interest only
  • Prepayment Penalty: 2% in the first year
  • MAX LTV: 60% rate, term and purchase, cash out 55%
  • Land and lots: 11%, 2 points, 36 months interest only
  • Must be closed in an approved domestic entity like an LLC
  • Full Escrows for taxes and insurance
  • Our Appraisal required on every deal
  • Phase One required on some properties
  • ALL RESIDENTIAL PROPERTIES ARE CLOSE IN AN LLC – NO OWNER OCCUPIED RESIDENTIAL PROPERTIES.

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