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| Low Doc Investment Property Loans This program is designed for speed so the paperwork is minimized and the closing process is expedited. No more than 15 tenants. Major tenants over 25% of GPI need to have at least 3 years remaining on lease. Designed for commercial properties with owner-occupancy under 25%. Program Attributes • Approvals within 3 - 5 business days and closings within 45 business days • Loan Approval based on global capacity and credit of applicant • Loans up to $1 million • Purchases to 80% LTV • Cash-out refinances up to 65% LTV • 30-year fully amortized • 5 and 10 Year Fixed Rate Options • Refinance to 70% LTV • Seller Financing Allowed • Combined LTVs to 90% • 3/5/15 Year Fixed Rates available • Purchase or Refinance Eligible Commercial Property Types • Retail, Office, Warehouse • Auto Repair Garages and Auto Retail Centers • Shopping Centers/ Strip Malls • Convenience Stores • 5-15 Unit Apartments • Mixed-Use Buildings • Contractor Yards • Light Industrial Buildings Program Parameters • Minimum average FICO scores of at least 700 for refinances • Minimum average FICO scores of at least 700 for purchases • Appraisal must support a 1:1 Debt Service Coverage based on property net operating income • Borrower to provide evidence of 2 years ownership of at least 50% of commercial real estate or 5 years experience owning investment real estate • Most recent 3 Years Federal income tax returns on all principals/owners |
| Let us help provide you with the expertise and knowledge in all aspects of commercial financing and business management. (866) 231-5457 or email us at: info@cradvisors.us |
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