LOAN SIZE

• $100,000 to $3,000,000

LOAN TERMS

• 30 year fixed
• 5, 7, 10-year hybrid
• 30 Year amoritization

PROPERTY TYPES

• 1-4 unit attached/detached properties
• PUDs
• Condominiums (Warrantable/non warrantable)
• Airbnb

LOAN PURPOSE

• Purchase
• Rate/term refinance
• Cash-out refinance

BORROWER

• Business entity
• Credit Score: Minimum 640
• New Foreign Nationals Okay
• Individual Ownership Allowed

MINIMUM DSCR

• New No DSCR option available with 75% LTV. Call for more information.

Airbnb:

• Up to 75% LTV on Purchases
• Up to 70% LTV on Refinances and Rate and Term
• Need operating income for at least 1 year
• 100k minimum population by county

MAX LTV

• Up to 80% for Purchase and Rate & Term Refinances
• Up to 75% for Cash Out Refinances

INTEREST RATES

• Starting at 7%+

CASH-FLOW REQUIREMENTS

• Qualifying income based on property cash flows
• No Doc Loan: No W2, tax returns or 4506T required
• Closing in less then 30 days

LOCATIONS

Generally urban or suburban locations in primary, secondary, or tertiary markets.

PREPAYMENT PENALTIES ARE:

• 3% 1st year
• 2% 2nd year
• 1% 3rd year
• One Year Prepayment Option Available
• New We now offer a no prepayment penalty option!