Stated Owner Occupied Program for commercial owner occupied
( SBA Alternative)
Owner Occupied transactions where the business owner has difficulty documenting their income for traditional lenders
No Tax Returns!
Credit strong investors or business owners looking for an alternative for restrictive bank financing
Eligible Borrowers: US Citizens, Permanent Resident Aliens, Legal Entities
Property types: Daycare Center, Restaurant, Bar, Multifamily, Mixed use, Office, Retail, Light Industrial, Warehouse, Office, Self Storage, Mobile Home Park.
Loan purpose: Purchase, Cash Out, Refinance
Investor type: Owner Occupied
Loan amounts: $250,000 to $2 Million
Min middle credit score 650
Rates: 6% to 9%
Term 5- 7 year Hybrid
Pre payment penalty: 5% for first 3 years
Max LTV 80% (Up to 80% LTV on all properties and this includes cash out transactions.