12 MONTHS BUSINESS BANK STATEMENTS
COMMERCIAL, MULTIFAMILY & MIXED USE PROPERTY FINANCING
“Most Commercial Property Types”
Commercial, Multi-family & Mixed Use Properties!
Different Solutions For Different Investors
Every real estate investor has a unique vision and financial objective and a unique set of circumstances that represent their current position on the road to achieving their personal goals. Our wide range of alternative, asset based funding programs allow us to service all investors within the full spectrum of individual scenarios.
12 MONTHS BUSINESS BANK STATEMENTS**
A bank statement solution that can help self-employed business owners secure financing without providing tax return documentation. We qualify the loan through 12 consecutive months of business bank statement deposits.
12 Months Bank Statements Program Highlights
* Loan amounts from $100,000.00 – $2,000,000.00!
* Minimum 650+ credit score!
* 30 year fix rate of 5 year ARM!
* Max loan Is 80% LTV for purchases and 75% LTV for refinance!
* Amortization: 15, 25 or 30 years!
* Purchase, Cash-out Refinance or Rate/Term Refinance!
* Income: 12 consecutive months of business bank statements!
* Close in individual personal name or business entity (LLC, S-Corp, C-Corp)!
* Closings in about 45 days from payment date of appraisal!
ELIGIBLE PROPERTY TYPES: Mixed Use, Retail, Office, Light Industrial, Automotive, Mobile Home Park, Warehouse, Self Storage, Restaurants, Bars, Daycare Centers
Commercial Financing – Up To 80% LTV (Based on deal scenario and qualifications)
* Minimum 650+ Credit Required For Funding Approval At Lower LTV!
* Loan Amounts From $400,000.00 – $10,000,000.00+!
* Multifamily 5+ Units, Mixed Use and Commercial Properties!
* Purchase, Refinance Cash Out and Rate & Term!
* Vacant Properties Allowable!
* Multifamily 5+ Units, 2-4 Unit, Commercial, Mixed Use, Auto Service, Office, Retail, Lite Industrial, Self Storage.
* 30 Year Term & 12-24 Month Short Term Bridge Loans Available!
* Closings in about 30-45 days!
Most Property Types Covered:
Manufacturing, Medical Office, Mobile Home Parks, Multifamily 5+ Units, Office, Retail, Self Storage, Warehouse, Auto Service/Repair, Lite Industrial, Day Care Centers, Apartment Buildings, Mixed Use, Funeral Homes.
*Prospective Financing terms are provided on a case by case basis. Please complete no obligation – no credit report prequal application – Click Here
SIMPLE AND TRANSPARENT FUNDING PROCESS
Complete Simple Online Prequalification Application: We will complete our Feasibility Review (No Credit Report Pull Required) within 48 hours and advise you of the general financial terms that are available.
If Feasibility Review Is Acceptable, we will send you our general financing terms. If acceptable, we will request the needed documentation to validate pre-qualification and Issue Term Sheet, Pre-approval Letter Or Letter Of Intent
Complete The Underwriting Process For Funding Approval.
BASIC CRITERIA FOR COMMERCIAL FUNDING
Appraisals Always Required. If recent appraisal completed, it can be reviewed for possible use on a case by case basis.
TIME TO CLOSE:
Approximately 30-45 days from receipt of required documents requested for underwriting.
MINIMUM PERSONAL FICO SCORE:
Minimum FICO score required is 650.
Term Length is typically 24 Months and up to 30 year terms.
Nationwide, most major metropolitan markets, except Arizona, Oregon, Nevada, North Dakota, South Dakota, Vermont
Apartment Buildings, Bars and Restaurants, Funeral Homes, Day Care Centers, Mixed Use Properties, Automotive Service/Repair, Convenience Stores, Hotel/Motel, Lite Industrial, Luxury Residential Investment, Manufacturing, Medical Office, Mobile Home Parks, Multifamily, Office, Retail, Self Storage, Special Use, Warehouse
LOAN TO VALUE:
Up To 75% – 80% LTV.
For Purchase And Renovation: Up to 80% of purchase price and 100% of rehab cost.
1st Lien Position