Stated Income / No Doc Commercial Loan

Loan Program Features $500,000 to $50 Million

Property Types                Most Properties Accepted

Loan Term YRS                Fixed Rates 1,2,3,5,7,10,15

Amortization                   15 - 30 years

Loan-to-Value (LTV)        Up to 90% and Seller contribution and second mortgages allowed

Debt Service Ratio           1.25 or more

Closing Time                   30 - 60 Days

Rate Lock Period              Ask

Reserves                        0.10 - 2.75 psf

TI / LC                          Vary Depending on Property

Vacancy                        5% - 10%

Prepayment                    Declining Prepay-Defeasance-Yield Maintenance

Recourse                        Yes -All loans are recourse with case by case exceptions

Application Fee                $500

Initial 3rd Party Fees         $2,500 to $5,000

* No Personal Taxes Usually Required for this Program.  No - Documentation (No Doc) and Stated Income commercial loan specialists.  Many no doc and stated income commercial and apartment loan program choices.