True No Doc and Low Doc Commercial Financing from

$150K to $5 Milllion.

Purchase, Rate and Term and Cash Out transactions available.
 
620 min Score
 
No Income Docs!
No W-2's
No Tax Returns!
 
 
The program goes to 80% on purchases and 75% on refinance.  Both have the ability to subordinate to 90% CLTV...that 2nd would have to be from a seller or an institutional 2nd.
 
No Doc in the commercial world is the same as in the residential..No Income, No Employment and No Assets...This lender strictly looks at the income generating from the property itself, not the business that occupies the building.
 
The borrower must have 12 months seasoning on Cash out refis to use the appraised value..otherwise no other seasoning requirements. 
 
The lender orders the appraisal after the $$ for the appraisal has been received.  They are using qualified appraisers in every metro area and I broker commercial loans with this lender and others in more than 40 states. 
 
 
***************
 

Another lender's Example of COMMERCIAL Programs (NBG100): 01-23-08


It's Finally Here!
100% NO DOC
Commercial Loans!

IDEAL FOR OFFICE CONDOS, SMALL BUSINESSES LOOKING TO BUY & AN EASY ALTERNATIVE TO TOUGH SBA LENDING!

· NO MONEY DOWN! AVAILABLE NATIONWIDE!

· LOAN AMOUNTS $350,000 TO $1,000,000

· 30 YEAR AMORTIZATION

· EXCELLENT RATES AVAILABLE!

· ONLY 25% OWNER-OCCUPANCY (SBA REQUIRES 51%)

· LOCAL APPRAISERS CAN BE USED

· MUST HAVE A CREDIT SCORE ABOVE 680

· LOWER LTV'S AVAILABLE FOR LOWER CREDIT SCORES

THIS PRODUCT IS HOT! SIMPLY PUT, IT IS THE BEST STATED INCOME PRODUCT ON THE MARKET TODAY, AVAILABLE NATIONWIDE !

 
 
 
Eli Magen is a licensed mortgage broker.
Residential mortgage loans in Florida.
Commercial mortgage loans in most States.
 
Email me with any question and scenarios,
 
 
 

For all of your real estate needs 
             
Investment Homes in Orlando

Vacation Homes in Central Florida

Residential Loans, Commercial Loans

Experience, Dedication, Results


Eli Magen

Licensed Mortgage Consultant

Absolute Florida Mortgage LLC
6220 S. Orange Blossom Trail, Suite 200
Orlando, FL 32809


Direct:  407-697-1214

Toll:  800-615-1768 Code:17
Office:         407-859-0947
Office Fax:    407-859-8238
Alt. Fax:       407-355-0322
 

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