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Owner User Full Doc: |
- Loans up to $5
Million
- Up to 90%
financing
- 30-year fully
amortized (no balloon)
Only 25% occupancy required
Low owner
occupancy requirements
Flexible
prepayment
Rate locks
available
600 minimum
average FICO score
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Owner User Stated Income:
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- Loans up to
$2 million
- 700 minimum
average FICO for 90% LTV financing
- 30-year fully
amortized (no balloon)
- Only 25%
occupancy required
- No tax
returns, financials or tax verifications necessary
- Flexible
prepayment
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Property Types: |
- Office
- Office Warehouse
- Office Condo
Medical Office
Light Industrial
Retail
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Advantages: |
- Approvals
within 5 business days and closings within 30 business days (from
receipt of completed loan package)
- Lower
origination costs than SBA financing
(No
SBA approval needed)
Affiliate
company guarantees not always required
Borrowers can
determine own lease payment for their business
Seller
financing can be part of the down payment
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