Commercial Florida Mortgage Lenders
The only time we require income docs is if a commercial property is business owner occupied. Then we need a P&L on the borrower’s business that’s operating out of the property. The P&L does not need to be from an accountant or audited the borrower can simply write one up. It does need to show enough of a profit to cover the mortgage payment and a small buffer. We don’t ask for tax returns ever. No Income Doc Commerical Florida Lender on 1-4 Family Investment, Commercial, Multifamily, Mixed-use, office, retail, warehouse, automotive
No Income Doc Commerical Lender on 1-4 Family Investment Properties and Commercial Real Estate
- Loan amounts from 75K to 2 Million on 1-4 Families
- Loan amounts from 100K to 5 Million on Commercial
- No Seasoning or Sourcing of Down Payment Funds
- No DSCR Requirement on 1-4 Families
- Short Term Rentals OK (Airbnb/VRBO)
- Cash Out OK
- Seller Second’s up to 90% LTV
- No Minimum Fico score requirements. LTV’s will be adjusted for low Fico’s
- No Tax Returns, No W-2s, No Paystub
- Commercial properties lent on…………Mixed Use, Multi Family, Retail, Office, Warehouse, Automotive (No Gas Stations). Think Mom and Pop commercial
- No rural areas
- Fix and Flip Program for 1-4 Family Properties
- Foreign National Options
Commercial Florida Mortgage Lenders
U.S. CITIZENS AND NON-RESIDENT FOREIGN NATIONALS
- Property Types: Multi-family, Office, Retail and Industrial.
- Eligible Counties: Miami-Dade, Broward and Palm Beach. Other Florida markets on a case-by-case basis.
- LTV: 50% to 70%.
- Occupancy: Owner-occupied and investment properties.
- Loan Term: 1 to 10 years, with longer terms available for select stabilized properties. Amortization: Up to 25 years
- Borrower: Domestic and Foreign Nationals.
- Refinances: Rate/Term and Cash Out.
- Rates: Fixed and floating rates. Call for a quote.
- Depository Relationship: Not required.
