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                            Income Producing Real Estate Loans

       

                                                            FEATURED RATES


Rates as of 04/10/2008

LOAN TYPE Rate

Term

3-Year Fixed 6.250% 30-Year
5-Year Fixed 6.250% 30-Year
7-Year Fixed 6.660% 30-Year
10-Year Fixed 6.720% 30-Year
  Above Rates are for Loans over $ 1,000,000. Below that, call for rates.

1) Commercial Loan 

 

STATED PROGRAMS ( No Income Docs.)

Program A- Stated Income/Stated Assets ( No Income Docs )
$250,000-$1,500,000

  • Up to 70% LTV (90% CLTV) 1, 2, 5, 15, 20, 25 & 30 yr Fixed
  • Fully amortized for 15 to 30 yrs (no balloons)
  • No DSCR requirement
  • No seasoning required
  • Most property types
  • Fast closings
  • 680+ credit score

 

Program C- Stated Income/Stated Assets ( No Income Docs )
$250,000-$3,000,000

  • Up to 70% LTV (95% CLTV)
  • 2, 3, 5, 7, 10, 15 & 30 yr Fixed
  • 30 yr fully amortized (no balloons)
  • Debt service requirement 1.20-1.25
  • Rural properties accepted
  • 680+ credit score

 

Program E- No Income, No Assets
No Employment, True NINA ( No Income Docs )
$250,000-$5,000,000

  • Up to 70% LTV (90% CLTV)
  • 30 yr and 40 yr Amortized
  • 1, 3, 5, 10, & 15 yr Fixed
  • Debt service requirement 1.20-1.30
  • 2 & 5 year Interest only options
  • 680+ credit score

 

 

 

FULL DOCUMENTATION PROGRAMS ( With Income Docs )

Program B- $250,000-$1,500,000
( Full Income Docs )

  • Up to 90% LTV
  • 2, 3, 7 & 30 yr Fixed
  • Fully amortized for 15, 20 & 30 yrs (no balloons)
  • Discretionary income may be used to meet DSCR requirements
  • Debt service requirement 1.20
  • 640+ credit score

 


Program D- $500,000 - $50,000,000

( Full Income Docs ) 

  • Multifamily up to 80% LTV
  • Commercial up to 75% LTV  
  • 30 yr amortization
  • 3, 5, 7, 10 yr. Fixed
  • Lower than Bank rates
  • Debt Service Coverage Ration
    Multifamily 1.20/Commercial 1.25
  • 640+ credit score

2) Hard Money Commercial Real Estae Loan 

         
Hard Money & Bridge Loans ( In 10 Days )

  • $1,000,000 to $ 50,000,000
  • Nationwide--All 50 States.
  • All commercial and residential types considered including. 
  • Bad credit OK/All situations considered including bankruptcy, foreclosure, quick close and credit re-builders/ Based on property value
  • A chance to close quickly or stabilize your credit or other situation and save the day ( 10 days or less )
  • Blanket residential investor properties OK!
  • Max  75%  or 90% CLTV ( Appartment Buildings )
  • Rates as low as 8% - 14%.
  • Purchase ( Need a Down Payment ), Re-finance and Cash Out.
  • 5 - 10 Points ( Total including Appraisal Cost - no appraisal needed sometimes. )
  • Loan Types a) 1 yr. Interest Only, No Pre Payment Penality, 10-14% Rate.

                             b) 5/10/30 - 5 yr Fixed, 10 yr ARM, 30 Yr Amortization, No Penality.

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