"COMPETITIVE RATES" "QUICK CLOSE" "NO HIDDEN FEES"
No Income Documents/ Commercial - 30 Year Fixed Rate / NO DSCR
Loan Purpose & Lending Areas:
Purchase, Refinance (Rate / Term & Cash Out).
Lending Areas: All States Except AZ, CA, IL, MI, NV, NH, NC, OR, SD, VT.
Property Types:
Mixed-Use, Office, Retail, Warehouse, Self-Storage & Automotive (No Gas Stations ). Please contact us for our Industrial property program.
Minimum Credit Scores & DSCR Requirements:
Credit Scores: Starting at 650 Minimum Middle Credit Score.
DSCR REQUIREMENTS:
(Properties Rented Out with Tenants): Loan amounts at & below $500,000 = NO DSCR.
Loan amounts above $500,000 = No less than 1.0% DSCR.
(Properties That Are Owner Occupied with Borrowers Business): Loan amounts at & below $750,000 = NO DSCR.
Loan amounts above $750,000 = No less than 1.0% DSCR.
Loan To Value:
Up to 70% Loan To Value (LTV) for Commercial Properties: Office, Retail, Warehouse, Self-Storage & Automotive (Up to 90% CLTV for purchase transactions). Mixed-Use Properties = 75% LTV.
Rates & Terms:
- We Offer the "Most Competitive Rates & Terms" in the Industry
- Up to 70% Loan to Value (Up to 75% LTV on Mixed-Use Properties)
- Up to 90% CLTV (Combined Loan to Value)
- NO DSCR Requirements Options Available on Purchase & Refinance Transactions
- 30 Year Fixed Rate Loan Terms / 30 Year Amortization
All rights reserved Advance Equity Capital.
Applicant's must satisfy certain eligibility requirements. Restrictions apply. Rates, terms and conditions offered only to qualified borrowers, may vary upon loan product, deal structure, property state or other applicable considerations, and are subject to change at any time without notice, shall only constitute a general, non-binding expression of interest on the part of Advance Equity Capital, do not create any legally binding commitment or obligation on the part of Advance Equity Capital, and are expressly subject to underwriting, credit, legal, investment approval and other risk factors. Closing times may be delayed due to appraiser property access limitations and our 1 to 4 family residential programs are applicable only to non-owner occupied investment properties.