No Ratio Income / Verified Assets - Commercial Properties

Here are the criteria for the NO RATIO INCOME, VERIFIED ASSETS

purchase and refinance (rate & term or cash out), no rehab

Loan program:

TRTY                 Nationwide (Not: AL, AZ, HI, MI, OH, SD, WV, VT)

AMNT               $100K - $3M

LTV                    Up to 75%

INT                    7.5 - 11.5%                  

PTS                    2 - 3

TRM                   3 – 5 – 10 / 30 yr amort.

PPP                    Fixed Rate Period

CRDT                 Min 650 middle

Property Types:              Apartments                   Retail                          No Residential

                                           Mixed Use                     Self Storage               (1 – 4 Unit)

                                           Mobile Home Parks    Warehouse

                                           Office

Properties Financed:      No Limit

Ownership Seasoning:   None

Borrowers:                      No Foreign Nationals

Closings:                           45 - 60 days from loan submission

Preliminary

Documents:                    1003

                                          P & S Agreement

                                          Deposit Receipt (or check, front & back)

                                          MLS Listing or Photos

                                          Credit Report

                                          Driver’s License & SS card (Passport for Foreign National)

                                          Business License & CPA Letter (2 years for self employed)

                                          3 months bank statements

                                          2 years tax returns

                                          Rent Roll

                                          Resume

                                       

Stated Income / Stated Assets, Up to $2M, NY & GA

TRTY                 NY & GA

AMNT               $200k - $400k    /      $401k - $2M

LTV                    65%                      /      60%

INT                    5 – 6%

PTS                    3

TRM                  3 – 5  /  30

PPP                    No pre payment penalty

CRDT                 Min 650 middle, no lates last 12 months

Property Types:           Standard with case by case exceptions

Church Loans

Loan Program # 1

Territory           National
Amount            $250k – $20M
LTV                 80%
INT                 3 / 25 7.25 PPP 1 yr Pts 1
                      5 / 25 7.45 PPP 2 yr Pts 1
                      7 / 25 8.15 PPP 3 yr Pts 1
                     10 / 25 8.45 PPP 5 yr Pts 1
PPP                No
No                 Application Fee


Loan              Program # 2

TRTY             National
AMNT            $500k – $10M
LTV               70%
INT               5 / 30 5.625 – 7.875 (then ext 5 years)
PTS               1
PPP               5 / 4 / 3 / 2 / 1

No up front fees. After Commitment Letter issued, then
wants 1/10 of 1% for fee.


Loan Program # 3

TRTY          Nationwide
AMNT         $500k minimum
LTV            80%
INT            1 yr ARM 15 / 20 amortization – 2 / 6 caps Prime + .5
                 5 yr ARM 15 / 20 amortization – 2/ 6 caps Prime + 1.5
PPP            None


Loan Program # 4

TRTY          National
AMNT         $50k – no max
LTV            Up to 90%
INT             5 / 25 5.25
                  10 / 25 5.85
                  20 / 20 6.9
PTS             1 – 3
PPP             Varies with length of term

Church must be in business at least 3 years
Purchase, refinance, renovation, construction

Business Loans, Non Real Estate

Loan Program # 1

Capital rasing in North America, South America, Africa & Asia

Mining

Metals

Oil & Gas

Energy

Shipping

Manufacturing

Healthcare

Technology

Retail

Telecom

China

Latin America

Loan Program # 2

Lender is asset based funding source.  Our programs are specifically

designed to provide funding for customers that have prior bad credit.  We

fund traditional deals as well as sale leasebacks, private party sales, start ups, and

owner/operators.  Use Of Cash:

Working Capital

Purchase New Equipment

Inventory

Advertising

Business Debt

Seasonal Merchandise

Remodeling

Loan Program # 3

TRTY       Nationwide - Need $5M to $100M in sales

AMNT      $500k - $30M

Factoring

PO Lending

Inventory

Refinancing on Equipment

Non-Business Expansion Lending

Energy

Blanket Mortgages, Commerical And Bulk Residential REO

Loan Program # 1

Territory   Nationwide Blanket Mortgages  (DF Lending Div)

Amount    $250k - no max

LTV          70% LTC

INT           13%

PTS          4

TRM         5 year interest only

PPP          No

CRDT      Exit Strategy Needed

Loan Program # 2

Asset Based

Amount    $100 - $2.5M

LTV          60% purchase or as is

INT           start 12%

PTS          3

TRM         1 – 5 years

PPP          1 – 5 years

CRDT      None

Loan Program # 3

Territory   Nationwide & International

Amount    $100k - $34M

LTV          65 - 80%

INT           10 - 16%

PTS          3 - 6

TRM         12 - 36 months

PPP          None

CRDT      Need Exit Strategy

Loan Program # 4

TRTY       Nationwide

AMNT      $1M - $50M

LTV          65% ARV

INT           12 - 14%

PTS          6 -9

TRM         6 - 12 months

PPP          None

Bridge Loans, Commercial and N/O/O Residential On ARV

True Hard Money.  Multi Family, Office, Strip Malls, Etc

Residential, must be a minimum of 5 houses

Can roll in interest payment reserve for period of loan

Iowa Purchase And Rehab Lending

TRTY           IA & Nationwide
AMNT          $50 - $5M
LTV             65% ARV (Borrower contribution 15 - 20%)
INT             14%
PTS             4
TRM            12
PPP             None

Missouri Purchase And Rehab Lending

Loan Program # 1
Territory MO (St. Louis Only)
AMNT                   $50k - $1M
LTV                      75 - 100%
INT                     12% 8 months
                          24% 9 - 12 months (Plus 4 points)
PTS                     4 + 4 for extension
TRM                    4 months (ext of 4 pts for 4 more months - then additional interest rate)
PPP                     None

Loan Program # 2

TRTY                  AZ, CA, ID, MO, NV, OR, TX, UT
AMNT                $200k - $25M
LTV                   60%  Land
                        65% Developments
                        75% Construction
INT                   8 - 14%
PTS                  2 - 6
TRM                 6 - 12 months
PPP                  No

Loan Program # 3

Amount            $10k - $300k
LTV                  50 - 60% ARV (100% of purchase/rehab)
INT                 12% 5 4 months (ext of 4 months with 5 pts - will refund prorated)
                      12% 8            6 months
                      18% 8 9 months
PTS                 4
TRM                6 – 12 months
PPP                None

Loan Program # 4

Territory St. Louis, MO and surrounding counties
Amount           No min or max
LTV                 Up to  70% ARV  Will loan on purchase only, no money for the rehab.  Will loan 100% of purchase and roll in points if goes up to the 70%
INT                15%   700 score and over
                     18%   Less then 700 score
PTS                4 (Min of $2000)
TRM               4 months    Then ext of 2 months at a time up to 12 months - 2 points or $1000 min for each extension
PPP                No

Will find 2 loans at a time max

Loan Program # 5

Territory          DE, IL, IN, KS, MI, MO, NC, NJ, NY, OH, PA, TH
Amount          $25k - no max
LTV                70% ARV  (Will pay 100% of deal)
INT                Prime + 6  (Floats)
PTS                5 (ext add 2)
TRM                9 (ext add 4 = 13)
Credit             680
Docs               Full

All costs rolled into loan
Purchase one at a time until track record
20% of Loan into escrow account OR Cross collateralize residence