STATED INCOME LOANS!!!

[Peter Abraham]

STATED INCOME LOANS!!!!

Loan Amounts $100,000 to $5,000,000

Loan Purpose • Purchase

• Refinance (rate/term & cash-out)

Property Types single family

• Class I: multifamily (5+ units) and mixed-use

• Class II: office, retail, warehouse, self-storage, automotive services

Debt Coverage Ratio Class I: 1.20 | Class II: 1.25

LTV Class I: 70% | Class II: 70%

Fixed Period 3 & 5 year options

Minimum FICO 650 Middle Score

Pricing Rates starting as low as 7.5%

Term 30 year fully amortizing / 30 year loan

Prepayment Penalty Equal to the fixed period

• Simple loan documents

• No loan committees

• Common sense underwriting

• Permanent financing, NO balloons

• Quick Closings – 20-45 days!