COMMERCIAL RESOURCES
        
       Low Document Loans-Owner Occupied

This program is designed for owner operated properties (51% or greater) where
speed and minimal paperwork is required and the closing process is expedited.

                                          Program Attributes

•   Approvals within 5 business days and closings 30 business days
•   Loan Approval based on market rents and credit of applicant

•   Loans up to $3 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 75%
•    3/5/15 Year Fixed Rates available         •    Purchase or Refinance

                                 
Eligible Commercial Property Types

•   Retail, Office, Warehouse                        •   Restaurant
•   Shopping Centers/ Strip Malls                  •   Convenience Stores
•   Automotive Repair / Sales                        •   Mixed-Use            


                                          
 Program Parameters

•   Borrower in business for a minimum of 5 years
•   Proof of timely commercial rent or mortgage paid for 12 last months
•   Borrower occupies greater than 25% of subject property
•   Minimum average FICO scores of at least 700 for refinances
•   Minimum average FICO scores of at least 725 for purchases
•   Appraisal must support a 1:1 Debt Service Coverage based on property income


Let us help provide you with  the expertise and knowledge in all aspects of commercial financing and business management.
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