No Credit Check – No Doc Program
Residential, Commercial & Raw Land – Refinance Or Purchase
PREQUALIFICATION APPLICATION
STATES CURRENTLY COVERED: Florida Only
PROGRAM HIGHLIGHTS
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Loan approval based on condition, location and curb appeal of the property . . . not the borrower!
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$50,000.00 – $750,000.00 Loan Amounts!
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5 Year Term (60 Months)!
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Type properties include: residential (1-4 units), condo’s, vacation rentals, commercial, multi-family, retail, office, warehouse, mixed use and raw land!
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Up to 60% LTV with maximum loan amount of $750,000.00!
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Must close in the name of a domestic LLC or Corporation!
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Escrow of taxes and insurance required!
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Prepayment penalty is 3% for 1st year only, then zero prepay!
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Interest rate is 9.0% for Residential and 9.5% for Commercial. 10.50% – 11.50% for raw land!
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Loan origination fee is 4.99% or $3,999.00 (whichever is greater), lender due diligence fee $795.00, processing fee $995.00!
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Foreign nationals also qualify for funding!
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Appraisal is required and is ordered by lender!
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Refinance transactions must close with lenders designated attorney! Purchase transaction can use closing agent as cited in purchase contract!
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Surveys are required. For refinances, existing survey can be reviewed for acceptability!
“THIS PROGRAM DOES NOT PROVIDE RENOVATION FUNDING”
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