******Loans Can be made to LLC or an Individual********
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5/1 ARM or 7/1 ARM or 10/1 ARM ( Adjustable rate mortgage ) amortized over 30 years......
-NO TAX RETURNS NEEDED
-QUALIFY ON 100% Debt Coverage (less 10% expense reserve) = total Housing payment must be equal to or less than 90% rental Income.
•75% LTV for refi/cash-out
• 6.25% to 6.750% Rate Approx 5/1 Arm.
•1.00 DSCR requirement
-Must be non owner occupied
- 1 to 4 Residential
Ask Mike about any other commercial loan products for any types of other Properties.
Direct Phone #(805)807-5915 28 years loan originator