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Updated about 10 years ago,
Purchase and Cash Out Refi Financing for Rentals (Soft Money)
Below are some highlights:
- Stated Income
- Up to 70% LTV ( 75% LTV for Mixed Use and 5+ units )
- Non Owner Residential ( 1 to 4 units )
- Commercial – Retail, Office, Warehouse, Self-Storage, Automotive Service
- Foreign Nationals okay with U.S. Credit, Visa or Green Card and SS Card
- Loan amounts $100,000 to $5,000,000
- Rates starting as low as 8% (NO Lender points charged)
- No max on properties owned
- LLC's and Trusts are okay
- 650 Fico score
- Purchase Money ONLY
Please contact me with scenarios.