| Loan Amounts | From $150,000 - $3,000,000 |
| LTV | 80% Max (75% Max cash out) – min 725 FICO |
| Program Types | 30 yr fixed |
| Amortizations | 30 Years |
| Property Types | Primary – Mixed Use, Retail, Office, Warehouse, Self-Storage, light industrial, Dealerships, Restaurant, Hospitality, Auto care, Laundrymat, Medical center, assisted living. No Non-profit business, (no dry cleaning). |
| Prepayment penalties | Yes - in most cases ranging from 3-5 years |
| Occupancy | 75% ( of rentalable sq ft) |
| Lease types | Long term leases only (min 6 months term) |
| Lending areas | Top 300 MSA’s across USA |
| Income Requirements | |
| Complete (Full doc) program –2 years business tax returns + yr to date P&L, Leases, rent roll. | O/O or investment |
| (80% LTV Max on purchase). |
| Dscr ratio 1.2x |
| Bank statement - 12 months bank statements from borrowers business (for self-employed borrowers) | O/O properties only |
| Global Debt to income ratio Analysis |
| 80% Max LTV |
| 70% Expense ratio |
| Dscr ratio 1.2x |
| Lite Doc – No tax returns required. P&L, Rent roll, Leases and credit score required. | O/O or investment |
| Appraisal based valuation and rental income |
| Stated income (No Doc) - | O/O and investor |
| Only require an appraisal to validate value and rental income and expenses. |
| 1.0x DSCR required |
| Other Requirements | |
| Net worth | Yes for loan amounts > $1M. Must be equal to loan amount. |
| Reserves | Yes – 6 months (cash out can be used for reserves) |
| Experience | FTB limited to 70% LTV - Generally must own another property for 12 months to be experienced. |
| Credit score | ~650+ (3 qualifying tradelines min) –1 must be open. |
