No Credit Check – No Doc Program

Residential, Commercial & Raw Land – Refinance Or Purchase 

PREQUALIFICATION APPLICATION

STATES CURRENTLY COVERED:  Florida & Georgia Only

PROGRAM HIGHLIGHTS

  • Loan approval based on condition, location and curb appeal of the property . . . not the borrower!
  • $50,000.00 – $1,000,000.00 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 $1,000,000.00!
  • 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 8.5% – 9.0% for Residential and 9.0%  – 9.5% for Commercial. 10.50% – 11.50% for raw land!
  • Loan origination fee is 3.99% or $3,999.00 (whichever is greater), lender due diligence fee $795.00, processing fee $795.00!
  • 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” 

Loading