To qualify for a commercial loan, the business owner needs to have the following:
- 700 FICO
- Articles of Incoporation
- 4-12 Month Business Bank Statements
- Last 2 Years Business Federal Tax Returns Filed
- Schedule of All Real Estate Owned
Commercial Investment & non owner occupied loans available:
The DSCR Loan is based solely based on the cash flow/market rents of the subject property known as a Debt Service Coverage Ratio Loan.
-up to 80% LTV
-up to 3.5 Million Max Cash Out
- Fico as low as 620
-10 day closing with Fast Tract
-TRID Exempt
-No Income Docs Required
-Qualify off of ITA payment on all Investor Owned loans
The NONI Loan can make a world of difference for Investors & those that are self employed known as Non-Owner zero Income Loan.
- Land Loans
- Construction Loans
- Bridge Loans
Simple Verification Documents needed to have handy to fax to (888) 449-6725
-Mortgage Statement/Purchase Contract
-Insurance Declaration Page or Contact of your preferred provider
-Schedule of all Real Estate/REO owned