ONE YEAR TAX RETURN IS BACK! LOANS TO $7,500,000!
Purchase today with Relationship Pricing on a 5 year up to $3,000,000:
2.5% NO POINTS 80% to $3,000,000 – (with Relationship Pricing $25k)
7 year 3.00%
10 year 3.25%
RATES AND PRICING are a moving target and may change without notice from date and time of this quote (2/18/2020, 11:41am)
We lend to $$7,500,000!
Primary Residence 1-4 Units
90% to $1,500,000 (1 unit only, only when over 80%)
90% CLTV - 80% LTV to $2,000,000 – allowing a 90% CLTV - 80/10/10
80% to $3,000,000 (80% LTV and CLTV)
75% LTV to $5,000,000 - purchase or rate/term
65% LTV to $7,500,000 – purchase or rate/term
Cash-Out to $5,000,000 – Allowing $1,000,000 cash to the borrower
Non-Owner Occupied 1-4 Units
75% LTV to $2.5M - purchase or rate/term
70% LTV to $5M - purchase or rate/term
Cash-Out NOO 70% LTV to $2.5M up to $1,000,000 cash to the borrower
ONE YEAR TAX RETURN Program, borrower must be self-employed for a minimum of two years
Cross Collateral - Use equity from currently owned property to purchase without selling, potentially no money out of pocket
Departing Residence - Use income derived from a rental survey on departing residence; property can be listed for sale or not
No equity required, no landlord experience need
Delayed Purchase: no waiting period, purchased pricing specials apply .25% rate reduction, interim financing okay!
Interest Only - 75% LTV to $3M on primary residence, loans up to $5,000,000
40-Year Term - 75% LTV to $5M on primary residence (90% CLTV ok with $1.5M 1st)
47% DTI: Owner Occupied
NO Max number of properties owned
Non-Occupant Co-borrower, completely blended ratios 1-4 units
TRUE Blended Ratios - NO occupant borrower ratios or assets
LLC – Entity Vesting on non-owner
ADU Income - Accessory Dwelling Unit/Mother-In-Law Unit (MIL)/Boarder Income
· May be used if on tax return; rent schedule accepted if property is a purchase with ADU/MIL
Asset Depletion
· Utilize additional income from eligible assets amortized over the life of the loan at the 30-year Treasury bond rate
RSU Income - Restricted Stock
· Use for qualifying if shown as taxable income with a two-year history
· Can be used for income and reserves
· No maximum percentage, all income can be from RSU
Non-Permanent Resident Aliens
PORTFOLIO HIGHLIGHTS:
o True blended ratios (non-occupant co-borrower)
o Blended FICO Scores - Average all borrowers’ middle FICOs to calculate the average qualifying FICO
o Gift funds 100% accepted for primary residence
o Units: No pricing add, no LTV or guideline chance for units
o 100% Gift - EVEN on an 90% CLTV
o Qualify at the greater of START RATE or fully indexed
o Use Ordinary Income from K1
• Distributions not required to use the Ordinary Income
o ADD BACK Pension contribution from business returns
o Distributions not required to use the Ordinary Income
o Allow business funds for down payment
o 75% of retirement funds are used for personal liquid assets and reserves
o Considered rate/term:
Ø Paying off a 2nd TD with no withdraws in the last 12 months
Ø Buy out spouse, family member, or business partner as rate & term
o Cannabis Industry Income - OK if W-2 and no ownership
o Appraisal transfers accepted with review acceptance