Stated Income - No Doc Loan - Purchase or Refinance

[MonFund]

Stated Income - No Doc Loan - Purchase or Refinance

Stated income loans, also known as DSCR (debt service coverage ratio) loans, are a type of commercial mortgage that allows borrowers to qualify for a loan based on their projected rental income rather than their personal income. This can be a great benefit for real estate investors, as it can make it easier to get approved for a loan and purchase an investment property.

Here are some of the benefits of stated income loans on rental properties:

Easier to qualify for a loan. If you have non-traditional income, such as self-employment income or commission income, you may have a hard time qualifying for a traditional mortgage. Stated income loans can make it easier to qualify for a loan, as lenders will only consider your projected rental income.

Faster loan approval process. The loan approval process for stated income loans is typically much faster than the process for traditional mortgages....

[MonFund]

Hi All!

I just wanted to say that at MonumentalLoans.com we have a comprehensive list of products that benefit not only the banks but most importantly, the business and business owner. After getting tired of a one-size-fits-all list of short-term business lenders we tailored our solutions to provide businesses with the best options in Unsecured and Secured Lending.

Whether your business or client needs:

• Business Term Loan up to 60 Months
• Business Line of Credit up to 24 Months
• Full Consolidation or MCA position(s)
• Commercial Real Estate Purchase, Refinance, or Cash Out (Up to 30 Years) - No DSCR Ratio

We Have You Covered!

Don't believe us? Give us a look and see for yourself - your clients will thank you.

monumentalloans.com
888-332-2882

[MonFund]

Have you ever heard of a DCR program that doesn’t have a minimum DCR requirement for qualification? We’ve got it! A true no-ratio program!

• NO DCR required
• NO Income Documentation required
• NO Reserves required
• NO Asset Seasoning required
• NO previous investment experience required
• Available on 1-4 unit residential investment properties from $75k to $2M loan amounts
• AirBNB & Short term rentals OK!
• 30 year fixed and 10 year interest only options w/o lender points
• Minimum Fico: 650 (exception to lower FICOs available)
• Foreign Nationals - OK
• Broker Comp to 5%

Our short-term solution for purchasing investment property and financing renovation costs:

• Available on 1-4 Unit n/o/o investment properties
• $75k – $2MM (with exception to higher $$$) & up to 75% of the ARV or 80% Loan-to-Cost (whichever is lower) to cover the renovation budget
• Initial draw is 80% of the purchase price (so 20% down payment required)
• 12 month Interest Only Payment
• No Prepayment

...

[richierichard]

Commercial Real Estate Financing

Commercial Real Estate Bridge Loan

Property Types

Multifamily, Mixed Use, Mobile Home Parks, Office, Retail, Self-Storage, Light Industrial, Warehouse
We are currently lending on both stabilized and vacant Commercial Real Estate properties.



Full Document Loan Program

Loan Amounts
$200,000 to $10,000,000
Loan Purpose
Purchase / Refinance / Cash Out / Value Add Opportunities




Loan To Value
Up to 70% Of Stabilized Underwritten Value
Loan Term
12, 18, or 24 Months
Foreign National Owner
Up to 65% Of Stabilized Underwritten Value
Owner Occupied
Property can be occupied by the owner of the business/building
• All property(s) May Be Purchased Or Refinanced As An Individual or Entity
• Borrower must have established track record of repositioning or managing commercial...

[richierichard]

Construction loans and commercial mortgages for residential and commercial developments nationwide 200,000 and above please call 541-515-0666 or email your inquiry to milford@commercialmortgagecap.com our website is www.commercialmortgagecap.com

[richierichard]

Commercial mortgages and construction loans 250,000 to 55,000,000 nationwide USA Land loans and land development financing Please email inquiry to milford@commercialmortgagecap.com and visit our website at www.commercialmortgagecap.com and our telephone is 541-515-0666 or 541-632-0670