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This Business
Financing Program is a great choice for any Borrower that needs a
Business Loan Only and is not purchasing Real Estate but has Real Estate
as collateral. This lending source welcomes applications from both
Experienced and Start-up businesses but Down Payment Cash is required,
no exceptions.
Business Loan (P&I) Program
Loan
Amount Min/Max: $1 Million - $5 Billion+
Countries:
USA and friendly International Countries
- LTV/LTLA as high
as 99.80% (depending on the loan request) **
- Fix rate from
3.5% to 5.5% Principal & Interest (P&I)
- Documentation:
SIVA (Stated Income Verified Assets)
- Any FICO Score
- No
Appraisal required for
your Collateral
-
Weekly payouts
- MANDATORY Down
Payment including Refinances
- Note: for Full
Doc loans, the rates and terms are different
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** Note on LTLA
= (Loan To Value Loan Amount). Lending source is not an Equity Base
Lender. Lender does not care about the equity in the project or
how much the client has already put into the project. Thus lender does
not need an appraisal or financials, lending source bases LTV on the
requested Loan Amount (LTLA) and not the value.
Must show proof of down payment prior to
receiving the Approval Agreement.
For 2010 and beyond
(Skin-in-the-Game) Down Payment rules!
See
Down Payment Schedule
Collateral Form |