All Forum Posts by: Robert Grant

Velocity is a nationwide wholesale lender specializing in a true No Income/No Asset product for non-owner SFR's, N/O/O or O/O 2-4 Unit Investment properties, 5+ Multifamily, Mixed-use, and traditional Commercial properties (Office, Retail, Warehouse, Self-Storage, Automotive (no gas stations). Here are a few program highlights:

NO INCOME VERIFIED

NO 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 & NO PERSONAL FINANCIALS

PROGRAMS FOR FOREIGN NATIONALS

OKAY FOR WAGE EARNERS TOO

CAN FINANCE UP TO 10 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'sor COMMERCIAL LOANS UNDER $500k

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

NOW OFFERING BROKER REBATES!!!!  MAKE UP TO 5PTS ON EVERY LOAN!!!

https://www.youtube.com/watch?v=UhvmGUViNxg

HI Evan,

They are certainly available, just depends where the property is located.  Where is the SP located (city/state)?  Maybe I can help..

Best,

Robert

Hi Rob,

Feel free to email me directly (email in my signature).  Let's discuss further....

All my best,

Robert

Eric - We are more suitable for a Buy & Hold scenario, since we don't go off of ARV (As-is only), and the property has to be habitable with no heath/safety issues. Foreclosures have to be seasoned 2yrs, unless it's a commercial property at 50%LTV or less.

Jason - our minimum loan amount is $75k, so unfortunately we wouldn't be able to help on this deal. Sorry brother

Eddie - We do lend in NY. Min loan amount is $75k (70%LTV Max) which means property would have to appraise for at least $105k in order for us to do the deal. Let me know if you have any other questions.

Thanks gentlemen!

We only offer two terms:  3yr & 8yr Fixed, Amortized over 30.  After the fixed period, it converts to an adjustable every 6mos.  Prime Index + 4% (caps are 2/1/6)

Velocity is a nationwide wholesale lender specializing in a true No Income/No Asset product for non-owner SFR's, N/O/O or O/O 2-4 Unit Investment properties, 5+ Multifamily, Mixed-use, and traditional Commercial properties (Office, Retail, Warehouse, Self-Storage, Automotive (no gas stations). Here are a few program highlights:

NO INCOME VERIFIED

NO 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 & NO PERSONAL FINANCIALS

PROGRAMS FOR FOREIGN NATIONALS

OKAY FOR WAGE EARNERS TOO

CAN FINANCE UP TO 10 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'sor COMMERCIAL LOANS UNDER $500k

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

NOW OFFERING BROKER REBATES!!!!  WE PAY UP TO 5PTS ON EVERY DEAL!!!

Contact me today with your No Income Doc Scenario!!!!

All my best,

Robert

Robert Grant

National Account Executive

Velocity Mortgage Capital