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STATED INCOME / STATED ASSETS / NO DOC Stated Income/Stated Asset Commercial Loan Program. That means little or no documentation required – and you enjoy greater flexibility and faster turnaround times. -Loan from $100,000 to $1,800,000 USD -No tax returns required -No income verification -Unrestricted cash-out -Fixed or adjustable rates -15-year to 30-year amortization -Loans to corporations, partnerships, and trusts ok -Loan available nationwide APPLY ONLINE (click here) STATED INCOME / STATED ASSETS / LOW DOC   Loan Criteria Program guidelines Loan Size $100,000 to $1,800,000 USD Lending area All 50 states Type Purchase, refinance rate/term, refinance cashout Loan-To-Value 60%-75% LTV Seller financing Not allowed Property Type * Tier I: Multifamily, Mixed Use (>50% Res. Component) * Tier II: Mixed Used, Office, Retail, Warehouse, Ligh Industrial, Mobile Home Park, Self Storage, Bed & Breakfast * Tier III: Industrial, Automotive, Funeral Home, Rooming House, Flagged Hospitality * Tier IV: Health Care, Day Care, RV Park, Unflagged Hospitality, Restaurant, gas station, Other Special Purpose * Exclude: Traditional Church, Land, Construction Interest Rate 7%+ Term up to 30 years Amortization 30 years Credit Score Minimum middle credit score 620 primary borrower Closing Time Quick closing - 30 to 45 days Lender Fee(s) Up to $10,000 Origination Fee(s) 0% to 1% Debt Coverage Ratio 1.15 (No minimum up to $300,000) Closing Costs $5,000 - $10,000 Prepayment Penalty yes up to 5 years

ELIGIBLE PROPERTIES

Mixed Use/Apartment Buildings – These properties integrate residential spaces with commercial uses, such as retail or office space. Often these properties have a ground floor retail store or office with apartment(s) above, all in the same building.

Self-Storage Facilities – Now one of the most competitive building classes in the country, these facilities are designed primarily for storage. This category also includes cold storage, RV and boat storage facilities, and truck terminals (transit facilities).

Retail/Office Buildings – Designed for retail or office sales and display, this category includes stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department stores, bakeries, and beauty shops – as well as strip centers, and neighborhood and community shopping centers.

Warehouses/Light Industrial Properties – Single and multi-tenant facilities that are used for warehousing, light manufacturing, distribution, research and development. Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur.

Automotive Services – Includes everything from auto repair facilities to retail auto shops and part supply stores.

Multi-Family Housing – residential structures that contain five or more dwelling units in the same building.

Ineligible properties include:
Adult entertainment
Agricultural purpose
Church/Religious
Education
Heavy industrial
Hospitals

About 400Bankers.com

400Bankers.com in an online database that has over four hundred approved loan consultants, lenders, and private investors. When you apply online your loan request will be matched with the right loan professional who fits your loan criteria. No more shopping around! We have access to the best! Through 400Bankers.com you will never pay more than 1% broker fee and Our loan professionals will beat any interest rate you've been quoted. We function as a retail outlet for some well known banks, lenders, and private investors.