No Credit Check – No Doc Program

Residential, Commercial & Raw Land – Refinance Or Purchase 

PREQUALIFICATION APPLICATION

STATES CURRENTLY COVERED:  Florida Only

PROGRAM HIGHLIGHTS

• Loan approval based on condition, location and curb appeal of the property . . . not the borrower!

• $50,000.00 – $750,000.00 Loan Amounts!

• 5 Year Term (60 Months)!

• Type properties include:  residential (1-4 units), condo’s, vacation rentals, commercial, multi-family, retail, office, warehouse, mixed use and raw land!

• Up to 60% LTV with maximum loan amount of $750,000.00!

• Must close in the name of a domestic LLC or Corporation!

• Escrow of taxes and insurance required!

• Prepayment penalty is 3% for 1st year only, then zero prepay!

• Interest rate is 9.0% for Residential and 9.5% for Commercial. 10.50% – 11.50% for raw land!

• Loan origination fee is 4.99% or $3,999.00 (whichever is greater), lender due diligence fee $795.00, processing fee $995.00!

• Foreign nationals also qualify for funding!

• Appraisal is required and is ordered by lender!

• Refinance transactions must close with lenders designated attorney! Purchase transaction can use closing agent as cited in purchase contract!

• Surveys are required.  For refinances, existing survey can be reviewed for acceptability!

“THIS PROGRAM DOES NOT PROVIDE RENOVATION FUNDING”