No Tax Returns 80% LTV for Multifamily Apartment Building

No Tax Returns Multifamily Apartment Loan

Get the new A1H Portfolio Loan: No Tax Returns and Non Recourse loan for Multifamily Apartment Building Properties with rates starting at 3.9% APR. $1 million+ No Tax Returns 80% LTV for Multifamily Apartment Building Properties.

Here are the bullet points of the program: No Tax Returns 80% LTV for Multifamily Apartment Building

Approximate average rate 3.9% to 4.9% APR depending on term
Non-Recourse and No Personal Tax Returns required
Interest only option
Nationwide availability
5, 7, 10, 15 and 30 year fixed options with 30 or 40 year amortization
Loan amounts $1 million to $15 million
80% purchase loan to value and 80% LTV for Cash-out
Rate adjustments for ltv, term, DCR, and interest only option, loan size
Cost 1% point
650+ fico, Short sale on credit okay. Foreclosure & Bankruptcy needs to be 5+ year old
Need 90% occupancy for this specific product
Reserves need to be 9 month of PI. Could be 12 month depending upon net worth
Net worth to be equal to at least 51% of the new loan amount
New loan must debt service the loan
Good for Multi-family and Mobile Home Parks (with min 50 pads)
Typical Fees Due on acceptance of Letter of Intent is approximately $7,500
- Fees are for 3rd party fees such as Appraisal, Phase 1 Environmental, Property Inspection
Minimum DCR 1.20 to 1.35
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No Tax Returns 80% LTV for Multifamily Apartment Buildingo Tax Returns 80% LTV for Multifamily Apartment Building

If you do not fit the above guide lines this program below may be a fit.

Try our VSH Loan Program: Non Owner SFR & Commercial Easy Doc No Tax Returns, 30 year loan up to 75% LTV. Par to 2% cost for a note rate of approximately 7.49% to 8.99%. Loan will have total term of 30 years and 30 year amortization.

Cheapest private money in the industry. Loans from $100,000 to $5,000,000. Borrower needs 650 mid fico. Condo, SFR 1-4 units, Multi-family, Mixed Use. For Office, retail, auto service buildings and warehouses reduce LTV by 5%. No 4506T.

No tax returns. No W2s. No 1099s. This is similar to an EZ-Easy-Qualifier loan. Loan based on the sales price or the appraised value, whichever is the less of the two. No more than 1 mortgage 30 day late within 1 year or 2 within 24 months. NO DSCR calculated on SFR loans below $2M. For Multifamily and mixed use DSCR minimum 1.20x. For other commercial properties as listed above, DSCR to be a minimum 1.25x. Bankruptcy & Foreclosure need to be 2 years old. Impounds required on all properties. Nationwide loans except for Illinois, Michigan, North and South Dakota, Tenn, Vermont. Click on the flyers below for rates and terms

Flyer for SFR, condo, 2 to 4 units investment properties

Flyer for Multifamily 5 + units, mixed use & mobile home parks

Flyer for Commercial – office, retail, warehouse, self-storage

** Stated Income, Non Owner SFR, and Commercial, Easy Doc No Tax Returns, 30 year loan, up to 75% LTV, Par to 2% cost for a note rate of approximately 7.49% **

List of Forms & Documents Required:

Photocopy of valid ID
If title to be held in Corporation/LLC Articles of Organization/Incorporation – Operating Agreement/Bylaws
Current mortgage statement
If purchase – need signed purchased contract. Need name and phone number of escrow contact.
If property is leased, provide lease agreements
If property is leased and is more than 1 unit, rent roll Schedule of Real Estate Owned
Insurance declaration page/quote for coverage
1003 Loan Application – use printed 1003 leave liabilities blank.
Credit report we will pull or if broker submitted need full 3 bureau – but we still have to pull it
Borrower authorization Borrower’s Authorization
Borrower authorization to run and pay for credit Credit $ Authorization Form
Borrower authorization To Wire Funds Authorization to Wire Funds
SI form – Statement of Information SI Form – Statement of Information
How do you want to hold title Vesting Form For Borrower
Social Media disclosure Social Media Disclosure
**To expedite your file organize documents in adobe format “.pdf”.

Any rates and terms stated above are for professional real estate mortgage brokers and bankers only. Rates, terms and procedures subject to change daily. No Tax Returns 80% LTV for Multifamily Apartment Building