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Updated almost 9 years ago on . Most recent reply

User Stats

98
Posts
17
Votes
Robert Grant
  • Lender
  • Los Angeles, CA
17
Votes |
98
Posts

NO INCOME DOC LOAN @ 7% - DIRECT LENDER! BUY & HOLD Investors -

Robert Grant
  • Lender
  • Los Angeles, CA
Posted

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!!!

PLEASE VISIT MY BIO AND WATCH OUR VIDEO TO LEARN MORE!!!!!!!

Offering

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