Reduced Documentation Solutions

No tax returns required on investor or owner-occupied transactions

REDUCED DOCUMENTATION SOLUTIONS

Are documentation requirements preventing your clients from getting the commercial loan they need?

We can make it easier for investors and business owners to secure financing – and easier for you to close more non-bankable deals in your territory.

PROGRAM PERKS FOR CREDIT-WORTHY BORROWERS:

  • No tax returns or 4506T required

  • Cash-outs available

  • No seasoning requirements

PROGRAM HIGHLIGHTS

LITE DOC INVESTOR: Best for investors who may not be able to disclose certain financial information or whose properties are more valuable than a tax return might show.

STATED OWNER-OCCUPIED: Best for owner-occupied transactions where the business owner has difficulty documenting their income for traditional lenders.

BANK STATEMENT: Best for business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.

LOAN AMOUNTS: Up to $3.5MM

INTEREST RATES: As low as 8.0%

MAX LTV: 75%

AMORTIZATION: Up to 30 years

PROPERTY TYPES: Multifamily, Mixed-Use, Office, Retail, Light Industrial, Warehouse, Self-Storage, Mobile Home Park, Daycare Center, Restaurant, Bar

LOAN PURPOSE: Purchase, Refinance, Cash-Out Refinance

PREPAYMENT: 5% for 5 years, 5% for 3 years, Declining (5,4,3,2,1)

OCCUPANCY: Investor and Owner-Occupied

BORROWER: U.S. Citizens, Permanent Resident Aliens, Legal Entities