NO INCOME DOCUMENT'S

Our program offers financing for purchasing  a property  as well as the construction funds to fix/rehab the property.  Up to 100% purchase price (0% down payment) and financing 100% of the construction budget for qualified borrowers. Please contact us for loan program options for Non-Experienced borrowers. 

• (PROGRAM OPTION #1):

No Income Documentation Program / No Downpayment.

Up to 100% of Purchase Price on Rehab Projects.

Up to 100% of Rehab/Construction Costs on Rehab Projects.

Minimum Credit Score = As Low as 650 Mid-Fico Score.

1 to 4 Family & Multi-Family 5 to 20 Units.

Ground-Up Construction = 90% LTC. (Total Loan Amount Cannot Exceed 70% ARV).

No Interest Reserves.

No Seasoning or Sourcing of Deposits into Borrower Bank Accounts.

Lending States: (Non-Rural Areas) AL,CT,DE,FL,GA,IN,KY,MD,MA,MO,NJ,NC,OH,PA,

SC,TN,TX,VA.

• (PROGRAM OPTION #2):

No Income Documentation Program.

Up to 95% of Purchase Price (1 to 4 Family).

Up to 100% of Rehab/Construction Costs.

Up to 80% of Purchase Price (Multi-Family 5+ Units).

Minimum Credit Score = As Low as 640 Mid-Fico Score.

Rehab & Ground-Up Construction.

Lending States: (Non-Rural Areas) All States Except Alaska & Hawaii.

• (NO PERSONAL REHAB EXPERIENCE PROGRAMS):

(PROGRAM OPTION #1): "No Personal Experience / Requires GC Experience"

(A) No Income Documentation Program for Rehab Fix & Flip, 1 to 4 Family.

Borrower Is Not Required to Have His/Her Own Rehab or Ground Up Experience.

Borrower Must Be a "Licensed General Contractor" for at Least 3 to 5 Years.

Borrower Must have Completed at Least 6 to 8 Rehab Projects for "Clients" in Past 3 Years.

LTC (Loan to Cost): 82.5% LTC.

Lending States: (Non-Rural Areas) All States Except Alaska & Hawaii.

(B) No Income Documentation Program for Ground Up, 1 to 4 Family.

Borrower Is Not Required to Have His/Her Own Rehab or Ground Up Experience.

Borrower Must Be a "Licensed General Contractor" for at Least 5 to 7 Years.

Borrower Must have Completed at Least 4 to 6 Ground Up Projects for "Clients" in Past 3 Years.

LTC (Loan to Cost): 82.5% LTC.

Lending States: (Non-Rural Areas) All States Except Alaska & Hawaii.

(PROGRAM OPTION #2): "No Personal Experience / No GC Experience"

(A) No Income Documentation Program for Rehab Fix & Flip, 1 to 4 Family.

No Rehab/Construction Experience is required under this loan program.

Borrower "Does Not" Have to Be a "Licensed General Contractor".

This Loan Program is Only for Rehab Projects. No Ground Ups.

90% LTV on Purchase & 100% Rehab Funds.

Minimum Mid-Credit Score: 740+

No Cap on Purchase Price / Rehab Budget Capped at $75,000.

Lending States: (Non-Rural Areas) All States Except Alaska & Hawaii.

SUMMARY:

• 1 to 4 Units & Condo's, Mixed-Use & 5+ Multi Unit Residential Properties.

• Experience, Fico Score & ARV = Leverage / Rate.                        

• No Pre-Payment Penalty. 

• Heavy Renovation, Ground Up Construction & Mixed-Use For Experienced Only. 

• Borrower Makes Monthly Interest Only Payments.

• No Interest Charged on Unused Funds (interest charged only on money as deployed).

• 12 to 24 Month Term (extensions considered on a case-by-case basis).

We Offer The Most Competitive Rates Within The Industry. Loan Program Options Available for Non-Experienced Borrowers.