Great Alternative to Hard Money for BUY & HOLD Investors!!!

[Robert Grant]

We are a Nationwide Direct Wholesale Lender looking for Brokers/Investors who have an interest in our NO INCOME VERIFICATION loan program for "Buy & Hold" turnkey ready Income Producing Properties (acquisition or refinance) 

PROPERTIES WE LEND ON 

SFR/Condo -  up to 70%LTV - No DSCR Required - Cannot be Primary Residence/Owner-Occupied - Have to currently own Primary & 1 Investment Property for PURCHASE MONEY TRANSACTIONS - REFINANCES require Primary and the Subject Property being Refinanced - 650 Min Fico Required - Min/Max Loan Amount is $75k-$750,000

2-4 UNITS - up to 70%LTV - Can be Owner-Occupied or N/O/O - 650 Min Fico Required - Min/Max Loan Amount is $75k- $2MM

Multifamily / Mixed-Use - up to 75%LTV - 1.20+ DSCR (No DSCR req if less than $500k/50%LTV) Min/Max Loan Amount is $100k-$5MM

Office/Retail/Warehouse/Self-Storage/Automotive - up to 70%LTV - 1.25+ DSCR (No DSCR req if less than $500k/50%LTV) Min/Max Loan Amount is $100k-$5MM

TERMS/RATE OFFERED

3 or 8 Year Fixed, Amortized over 30yrs, NO POINTS, with rates at *7.49% at par under our No Income Verification loan program - We do not offer a bank statement or full doc program at this time   *standard 3yr PPP at 3% so not ideal for Fix & Flippers 

WHY VELOCITY vs HARD MONEY? 

NO INCOME/EMPLOYMENT VERIFICATION

NO TAX RETURNS

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 4506/CPA LETTER

NO 12-24 MONTHS BUSINESS BANK STATEMENTS

NO BALLOON PAYMENT

NO CASH OUT RESTRICTIONS

NO RESERVE REQUIREMENTS

NO EXIT STRATEGY, PERSONAL FINANCIALS or EXECUTIVE SUMMARY

PROGRAMS FOR FOREIGN NATIONALS

OKAY FOR WAGE EARNERS & FIRST TIME INVESTORS

CAN FINANCE UP TO 12 PROPERTIES PER BORROWER

CAN VEST AS INDIVIDUAL OR LLC/CORP

1ST TD’s ONLY / PURCHASES & REFINANCES

LOAN AMOUNTS FROM 75k-5MM

NO MAXIMUM NUMBER OF PROPERTIES OWNED

FAST BROKER APPROVAL WITH NO BUYBACK CLAUSE

NO DCR ON SFR's or COMMERCIAL LOANS UNDER $500k

6.75% Floor Rate, No Upfront Points, Fully Amortized Terms

NOW OFFERING BROKER REBATES UP TO 2PTS (5pts total commission per loan)!!!!

It really is that simple...  Contact me directly with any questions or scenarios you may have.

All my best,

Robert