Loan Amounts

• From $150,000 – $3,000,000

Loan-to-Value (LTV)

• 80% Max (75% Max cash out) – minimum 725 FICO

Program Types

• 30-year fixed

Amortizations

• 30 years

Property Types

Primary: Mixed Use, Retail, Office, Warehouse, Self-Storage, Light Industrial, Dealerships, Restaurant, Hospitality, Auto Care, Laundrymat, Medical Center, Assisted Living
Not Eligible: Non-Profit Business, Dry Cleaning

Prepayment Penalties

• Yes, in most cases ranging from 3–5 years

Occupancy

• 75% (of rentable sq ft)

Lease Types

• Long-term leases only (minimum 6 months term)

Lending Areas

• Top 300 MSAs across the USA

Income Requirements

Complete (Full Doc) Program

• 2 years of business tax returns + year-to-date P&L
• Leases and rent roll required
• Owner-Occupied or Investment (80% LTV Max on purchase)
• DSCR ratio: 1.2x
• Global Debt-to-Income Ratio Analysis
• 80% Max LTV
• 70% Expense ratio

Bank Statement Program

• 12 months' bank statements from the borrower’s business (for self-employed borrowers)
• Owner-Occupied properties only
• DSCR ratio: 1.2x

Lite Doc Program

• No tax returns required
• P&L, Rent Roll, Leases, and Credit Score required
• Owner-Occupied or Investment
• Appraisal-based valuation and rental income

Stated Income (No Doc) Program

• Owner-Occupied and Investor
• Only an appraisal is required to validate the value and rental income/expenses
• DSCR ratio: 1.0x required

Other Requirements

• Net Worth: Required for loan amounts > $1M; must equal loan amount
• Reserves: Yes – 6 months (cash out can be used for reserves)
• Experience: First-time buyers limited to 70% LTV; generally must own another property for 12 months to be considered experienced
• Credit Score: ~650+ (minimum 3 qualifying tradelines; at least 1 must be open)