Investor Full Doc
Our “Full Doc” program is designed for fi rst-time as well as experienced investors of commercial properties,
allowing owner-occupancy up to 50%. Multi-family and properties that require minor construction provisions
are now eligible.
| Program Highlights |
| Max 1st Mortgage loan amount |
|
$5,000,000 |
| Purchases to |
|
80% LTV |
| Refi nance to |
|
80% LTV |
| Cash out to |
|
70% LTV |
Qualifying Parameters
- Minimum 640 average credit score and 600 individula score(s)
- Minimum 680 average credit score for purchases & refinances at 80% LTV & 660
for cash out at 70% LTV
- Minimum 80% occupancy based on property net rentable area
Program Options
- Intigible property types and business uses include auto repair shops, contractor yards, dry cleaners and convenience stores
-
- Preferred pricing for larger loans and lower LTV loans
- Fixed and Hybrid interest rate options
- Fully Amortizing 30-year term
- No call provisions or balloon payments
- Multiple prepayment penalty options
- Ability to prepay up to 10% of principal within any rolling 12-month period without
prepayment premium