cc: by: https://flic.kr/p/CPxDnm
No Doc Commercial Loan
There is a lot of money available right now. When there is more money available than good deals to fund, lenders move further out the risk spectrum. Such is the case now as stated income commercial loans have come back and are continuing to expand with new players entering the space.
For investors and business owners of commercial real estate, this can be a blessing and an opportunity to get property that you may not get otherwise. The latest expansion in No Doc Commercial loans involves NO TAX RETURNS , no leases, no rent roll. no operating statement, and a 650 credit score and you can purchase or refinance and even refinance with cash out up to 75% LTV (Interest – only payment options available). Loan amounts from $100,000 – $300,000, WOW!
Now the rate on such a deal starts at 5.875% with a 30 year amortization. The better the credit, the better the rate . These are 5 or 7 hybrid or 30 fixed loans with a 30 year amortization. Maybe you were thinking you would have to go private money and get rates above 10%, well maybe this program can save you thousands with a much lower rate and low points.
This is just one of multiple No Doc Commercial Lending options we now have available….so if you are struggling because of the income you show on your taxes or because of derogatory credit that is hurting your ability to get a commercial loan, you should give us a call at 512-650-8630 or get started by filling out this form.
Give me a CALL TODAY at 512-650-8630 or get started by filling out this form!