| Loan Type | Conventional, Stated Income |
| Min Loan | $250,000 (#1) |
| Max Loan | $400,000 (#2) |
| LTV | 50% |
| Interest Rate | 10.5% |
| Term | Fixed, 25 years |
| Amortization | 25 Years |
| DSCR | N/A (#2) |
| Credit Score | 650 |
| PrePay Penalty? | (Currently being revised) |
| Lock Out? | No |
| Interest Guaranty? | No |
| Exit fee? | No |
| Balloon? | No |
| Personal Guarantee? | No |
| Documents Required | Copy of Purchase Contract & Earnest Money Check (if a purchase), Loan Application (#3), Credit Report (less than 60-days old), Appraisal, Environmental Report (if necessary, depending on property type & history), Rent Roll/Leases, Digital Pictures |
| Closing Time | up to 45 days |
| Lender Fee? | 1 – 3 point (#4) |
| Broker Fee? | 1 – 2 points (#4) |
| Eligible Properties | Most income-producing commercial properties (#5) |
| Eligible States | All |
| Other | The only good, small cap stated income commercial loan that we’re aware of, currently. |
| Note #1 | Smaller loan amounts considered on a case-by-case basis, but for correspondingly higher points (lender/broker) See Note #4. |
| Note #2 | Loan amount based on property value from recent appraisal. |
| Note #3 | A standard residential loan application (1003) will be emailed to applicants. |
| Note #4 | Varies, depending on the deal, in general, and the rate & terms offered/accepted, in particular. See Note #1. |
| Note #5 | Ineligible properties include gas stations, dry cleaners, other properties with environmental problems, and raw land. |