*** $80 Million Dollar’s Available **
$$ Asset Based Equity Lending at its Best$$
Commercial & Investment Properties
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"HARD MONEY PRIVATE EQUITY PROGRAM "
"SHORT TERM BRIDGE FINANCING"
(Northeast Region/USA Only)
(1 to 4 Family, Condo/Coop – Investment Properties Only )
(Mixed-Use, Apt Bldgs and Commercial Properties)
To be Used for the following:
Construction Rehab, Refinance, Purchase, Bad Credit Borrowers
** NO UPFRONT FEES **
** NO APPRAISALS **
**NO TAX RETURNS – NO INCOME DOCUMENTATION**
** Bad Credit?? No Problem **
** QUICK CLOSING **
** UP TO 65% LTV/1 TO 2 YEAR TERMS **
(Appraisals required only on 1 to 4 family properties due to new legislation)
"COMMERCIAL LOANS 75% LTV "
** NEW YORK STATE ONLY **
** 660 MID SCORE **
** MIXED-USE/APT BLDGS/STRIP MALLS/ETC. **
** 15/20/25/30 yr terms **
** NO UPFRONT FEES FOR UNDERWRITING **
** APPRAISAL IS REQUIRED **
"GROUND UP CONSTRUCTION LOANS"
** New York State Only **
** FOR COMMERCIAL OR RESIDENTIAL **
** Land must be free & clear OR loan may be collateralized with other properties **
** Up to $4MM Loan amounts. Over $4MM case by case basis **
** Construction to Perm **
** Construction loan rate to Perm rate **
** 660 minimum credit scores **
"STATED INCOME/FULL ASSET LOAN PROGRAM – 75% LTV"
** New York State Only **
** Up to 75% LTV **
** Up to $1.5MM Loan amounts **
** Minimum 660 Credit Scores **
** 1 to 4 Family Investment & Owner Occupied Properties **
** Interest Rate/P&I **
** 10/15/20 & 30 Year Terms available **
** Borrower must be self-employed **
(ASK US ABOUT OUR STATED/STATED PROGRAM)
** 50% LTV **
** Owner Occupied Only **
** 1 to 4 family dwellings & Condo **
** No Prepayment penalty **
** Up to $1MM Loan Amount **
** Stated Income/Stated Asset **
** 3 Yr Fixed/30 Yr Fixed **
** 630 credit score/No Mtg lates past 24 months **
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Borrower 6 months arears in Mtg payments:It’s OK.
Borrower refi cash out with 480 credit score: It’s OK .
Investment Condo/Coop refi cash out to payoff underlying bldg mtg: It’s OK.
Borrower needed funds to finish rehab project: It’s OK.
Borrower not able to supply income doc’s to regular bank for a loan: It’s OK.
