Borrowers looking to refinance N/O/O SFR, Condo and 2-4-unit properties can look for some of the best rates in the Non-QM industry with our Business Purpose Program. Long term (30 years) loans with NO balloon payments and Interest only options are available. You can count on many options for prepayment privileges and impounding for your property taxes/insurance. Here are some detail about our non-prime refinance owner-occupied business loan.
- No Income Proof Needed
- All Loans are N.I.V. (No Income Verified)
- LTV up to 80%
- No DTI Ratios
- No DSCR calculated on residential collateral
- Rates as low as 5.99%
- Up to a 2 Point Rebate
- Loan Amounts from $50,000 – $5,000,000
- Lending to LLC’s, S-Corp, Trust or Individuals.
- Property Types Include: SFR, Condo, 2-4 Units
- Interest Only Option Available
- Foreign Nationals – OK
- 100% Gift Funds – OK
