|
|
Stated
Income/ Stated Assets |
Full Document
for small
commercial |
Full
Document
for
large commercial |
|
Loan Size |
$100,000 to $1
million |
$100,000 to $1
million |
over $1 million to
$5 million |
|
Property
Types |
Most income
producing
property types,
including
special purpose |
Multi-Family,
Mixed-Use,
Office, Retail,
Warehouse, Self-Storage,
Light Industrial
and Mobile Home Parks |
|
Program
Description |
Designed for the
non-conforming borrower and/or non-conforming property type. |
Created to
simplify the commercial lending process for small commercial full
doc loans. |
Competitive rates
for larger commercial loans |
|
Underwriting
Process |
Concentrating
more emphasis on the property rather than the borrower. |
We primarily look
at the borrowers ability to repay the loan, not just the property.
No minimum debt
service requirement allows us to increase our ability to finance
properties that may not pass traditional underwriting guidelines. |
Both borrower
income and property debt service are considered. |
|
Target
Borrower |
Perfect for real
estate investor, self-employed individual or business owner who does
not want to show proof of income. |
High credit
borrowers
Low debt relative
to income
No lates in last
12 months |
Good to excellent
credit
Property has good
debt service |
|
Additional
Highlights |
The program
accepts borrowers with sub-prime credit, having a recent bankruptcy
and properties with no seasoning. |
Our loan process
is familiar
with our
residential style
of underwriting.
Common sense
underwriting that is streamlined and fast. |
Good alternative
to traditional commercial financing.
Call us at
303.948.1290 for details on full doc loan amounts above $2 million |
