No Doc Commercial Mortgage

For investment or owner-occupied commercial real estate that doesn’t comply with traditional bank underwriting. The credit score of the sponsor is the KEY ELEMENT for this nationwide program. This program is ideal for cash only businesses.

Transactions:

Purchase or Refinance (Rate/Term & Cash-out)

Loan Size:

$250,000 to $5 Million

Geography:

Nationwide

Property Types:

Single, Multi-Family Use, Office, Retail, Warehouse, Self-Storage, Automotive Services

Loan terms:

30-year term / 30-year amortization

Rates:

7.5% – 9.5% based on building type and FICO

Ratio to DSC:

1.2

Loan-to-Value:

75%

Underwriting Criteria:

650 Credit Score Minimum and Appraisal