Commercial Real Estate Funding-For Hard To Place Loans

Commercial and Residential

Non Owner Occupied 

Real Estate Funding-For Hard To Place Loans

Investor 1- 4

Non-Owner Occupied

SFR, Condo, 2-4 Unit

Loan To Value Max 70% if <1MM, Max 65%<2MM

FICO ≥ 700 7.49%

FICO < 700 7.99%

Investor 1- 4

Non-Owner Occupied

SFR, Condo, 2-4 Unit

Loan To Value Max 70% if <1MM, Max 65%<2MM*

FICO ≥ 700 8.25%

FICO < 700 8.75%

Rates & Terms Loan Amounts…………………………...….. $100k - $5MM (Investor 1-4 - max loan amount = $2MM )

Rebates…………………………………………… 1 Point Rebate = .50% add-on to rate (Max Rebate 2%. > 1 YSP = 5% prepay)

Amortization/Term……………………………… 30 year fully amortizing / 30 year loan (Call for other amortization options.)

Index / Margin / Cap……………………………Adjusts every 6 months at WSJ Prime + 4%. Rate Caps = 2/1/6

Prepayment Penalty……………………….…. Investor 1-4: 3 yr fixed= 3%, 3%, 3%, or 8 yr fixed = 3%,3%,3%,3%,3%

Traditional: 3 yr fixed= 5%, 5%, 5%, or 8 yr fixed = 5%,5%,5%,5%,5%

1-6 residential units in NJ = no prepay, add 1% to rate

Prepayment Buydown(s)………………………Investor 1-4: 1 year buydown add 1.00% to start rate

Tradational I&II: 1 year buydown add .50 to start rate OR 1% in fee

Rate Buydown………………………………...…1 pt. fee = .50% rate reduction (Maximum 1%) | Minimum Rate 6.49%

Loans < $750K……………………………….… add 50 BPS to the above mentioned rate (Traditional I & II Only)

Rate Add-ons………………………………. add 25 BPS to Investor 1-4 rates for the following states: NY, PA, CT, NJ

* LTV Limitations………………………. DSCR, credit & other factors may reduce max LTV eligibility

General Guides Lending………………………………………. Locations Nationwide- Broker's licence req'd in AZ, CA, NV, NY, OK

Income Verification…………………….. Simple Documentation - No TAX RETURNS EVER!

Credit Score…………………………….……… 650 Guideline - Slight Exceptions Granted with Compensating Factors

CLTV………………………………………….. 80% Maximum CLTV

1st Time Buyer/Investor …………….. reduce maximum LTV by 5%

Assumability…………..…………….………. Loans are assumable at Lender's discretion - 1% fee

Impounds…………………………..……….. Required for property taxes & insurance.

Asset verification………………………...……… 3 Mo. source & seasoning. NO seasoning? Just reduce max LTV by 5%

Ineligible Locations……………..…….……. IL, MI, ND, SD, VT

Matrix Date 03/15/15

5+ Unit Multifamily & Mixed-Use Office, Retail, Warehouse, Self-Storage,

Automotive Service (no gas stations)

Traditional II

Traditional I

5+ Unit Multifamily & Mixed-Use Office, Retail, Warehouse, Self-Storage,

Automotive Service (no gas stations)

Max 75% * Max 70%

8.75%

9.25%

8.25%

8.50%

Traditional I Traditional II

Max 75% *

7.49%

7.75%

Max 70%*

7.99%

8.49%

Eric Ogi Private Lender Consultant
Authorized Representative

ph 808-756-7234

erichogi@yahoo.com

Nationwide Funding

3 Year Fixed Rates

"The Great 8" - 8 Year fixed Rates with only 5 year Prepay! 5 Year Fixed Rates

True Stated Income Loan

Remember- We NEVER look at income or tax returns.
 True Stated Income                                         
  PAR Pricing
  $100k - $5M
  Nationwide
 NO Balloons, 30yr amortized term
  Common-Sense Underwriting
 Minimum FICO: 650
 NO DTI Analysis

How Are We Different From Banks

And Hard Money Lenders

Let's count the ways...

1. We charge ZERO origination points. Pricing is at par.
2. Our loans are permanent. 30 yr. terms & NO balloons.
3. No borrower income verification or tax returns needed
4. Exception based lender
5. We're actively funding loans nationwide (over 500 loans funded YTD!)
6. Loan amounts: $100k to $5MM
7. Conditional approvals within 24hrs
8. Rates starting at 6.49%

It's simple... As a direct lender that has all the dependable characteristics of a bank AND the flexibility of a hard money lender, with NONE of the downsides. 

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