|
EasyClose
“Stated Income/Stated Asset” Commercial Program
– Your “Hard Money” and “Private Money” alternative
|
Loan
amounts |
$25,000
to $750,000 |
|
Transaction
Types |
Purchase, Refinance, Cash-Out Refinance |
|
Documentation |
Stated
Income/Stated Asset underwriting |
|
Minimum
Credit Score |
None |
|
Credit
History |
Problem
credit acceptable |
|
LTV |
Varies,
generally 70% or less |
|
Program
Structure |
Fixed
rate with a fully amortizing term, up to 25 years; |
|
Prepayment
Penalty |
Yes (No
lockout) |
|
Personal
Recourse |
Yes |
|
Property
Condition |
Poor and
better |
|
Property
Types |
Apartments, Mixed Use, Office/Retail, Strip Malls,
Hotels/Motels, Funeral Homes,
Auto Body/Repair, Restaurants/Bars, Warehouse/Light
Industrial |
|
Regions |
All
states EXCEPT: AL, AK, HI, NV, WV, VT, CA, NJ |
Restrictions apply. Rates and terms are subject to
change.
|
