True No Doc Loan Program
Below are our Loan Matrix with Borrower, Property, Financial, and Footprint Qualifier + A Full Due Diligence List to ensure a seamless and fast 72 hour closing.
Loan Qualifier Matrix
| OWNERSHIP / OCCUPANCY | QUALIFIED ASSETS | QUALIFIED LOAN | FINANCIAL REQUIREMENTS | |
| Entity Only | 1-4 Family | Acquisition | NO FICO Minimums | NO Income Tax Verification |
| Not Owner-Occupied | Condos | Refinance/No Limit Cash Out | NO DTI Requirements | NO Bank Statements |
| Investment Use Only | Multi-Family | Bridge/Rent & Hold | NO DSCR Requirements | NO Verification of Funds |
| Foreign Investor OK | Mixed-Use | Fix & Flip | NO Cash Flow Requirements | NO Seasoning |
| Special Credit Adverse Conditions Qualified | ||||
| Late Payments - OK | Mortgage Default - OK | Bail Out - OK | Foreclosure - OK | Bankruptcy - OK |
| Qualified States | ||||
| Nationwide | Preferred States: New York, New Jersey, Connecticut, Pennsylvania and Florida | |||
Loan Matrix Interest / Broker
| TERMS | LOAN INTEREST RATES | ADJUSTMENT AND EXTENSIONS | ||||
| Term | 1 Year | FICO Score | Interest Rate | Adverse Credit Event | Interest Rate | |
| LTV "As Is" | 65% | Fico >760 (Lower Score) | 9.00% | <3 Late Mortgage Payments | Fixed Rate at 12.00% | |
| ARV | 70% | Fico 700-759 | 9.50% | >3 Late Mortgage Payments | Fixed Rate at 12.50% | |
| Lender Points | 2 | Fico 680-699 | 10.00% | Bail Out Default | Fixed Rate at 13.00% | |
| Origination Fee | $995.00 | Fico 640-679 | 10.50% | Foreclosure | Fixed Rate at 13.00% | |
| Underwriting Fee | $1,295.00 | Fico 600-639 | 11.00% | Bankruptcy | Fixed Rate at 13.00% | |
| Appraisal Fee | TBD | Fico <599 | 11.50% | *24 Months Program | Add + 1.00% to All Rates | |
Loan Matrix Interest / Lender
| TERMS | CREDIT LINE INTEREST RATE | CREDIT LINE FEES | |||||
| Term | 1 - 2 Years | Equity Participation | Interest Rate | Application Fee | Underwriting Fee | Table Funding | Loan Purchase |
| Max Line | $50,000,000 | 10% Participation | SOFR + 9.00% | 995 | 1295 | 2 points | Fixed Rate at 12.00% |
| LTV “As Is” | 0.65 | 20% Participation | SOFR + 7.00% | 995 | 1295 | 2 points | Fixed Rate at 12.50% |
Required Documentation
| DOCUMENT | COMMENT | LINK | FOR ALL ENTITIES | ||
| Guaranor / Individual Docs | Entyty / Borrower Docs | ||||
| Loan Application | 1003 Application | link | Filing Receipt | Must be an original from Department of State | |
| Credit Card Form | Authorization For Appraisal Fee | link | Certificate of Good Standing | Required if entity is in existence more than 30 days at time of closing | |
| Borrower ID | Driver’s License and/or Passport | N/A | EIN # Certificate | IRS Letter with EIN # must be submitted | |
| Social Security Card | Copy of the card or lost SS affidavit | link | W9 Form | Must be filled out in the name of entity and signed | |
| Credit Report | Must be provided via Lender Link | link | ACH Form | Must be filled out and signed | |
| PFS | Must be filled out and Section “G” in its entirety | link | Copy of Voided Check | Check must correspond to the account that is listed on ACH form | |
| Borrower REO | Must list all real estate owned and now | link | FOR CORPORATION | FOR LLC | |
| Certificate of Incorporation | Article of Organization | ||||
| Non Primary Use letter | Must be handwritten as per sample | link | By Laws | Operating Agreement | |
| Investment Use letter | Must be handwritten as per sample | link | Corporation Resolution | Member Consent | |
| DOCUMENT | COMMENT | LINK | SEARCHES | PROFORMA ENDORSEMENTS | TITLE BILL |
| Property Documents | The Searches and Docs | ||||
| Contract of Sale | Must be submitted only on purchases | NA | Following must be performed in County and State of Entity Formation and for each Guarantor in County and State of their Primary Residence | NY Standard | Mortgage and Security Agreement |
| Appraisal | Must be an AMC Company for SFR and for Mixed-Use and Multifamily: Bowery, CBRE or Cushman and Wakefield | NA | 1-4 Family | Assignment of Leases and Rents (w/255 affidavit) | |
| Waiver of arbitration | |||||
| Leases | Must be current and signed by all tenants | NA | Policy Authentication | UCC (county against Individual) | |
| Income and Expense | Must be completed in its entirety. For vacant Link properties, an expense part must be filled out | link | Bankruptcy | ||
| Renovation Budget | Must be submitted on loans only with Link renovation holdback | link | Lien | Environmental Lien Protection | Assignment of Mortgage |
| Judgment | |||||
| Payoff Letter | Must be submitted by all existing lien holders with current pay off date | NA | UCC | Mortgage Recording Tax | Collateral Assignment of Mortgage |
| Property Insurance | Must be for the full amount of the loan amount with a 100% Replacement Cost, and naming Lender as Mortgagee and Loss Payee | NA | |||
| Insurance Paid Invoice | Must be Paid in Full for 1 year from date of closing | NA | |||
We pride ourselves in offering unique loan products that are best-suited to customer requirements.
Our no doc loan program does not depend on credit score or financial qualification of the borrower or property. The only thing we take into consideration is the value of the assets being pledged against the loan.
This is a true hard money model which offers a 24 hour approval and 10 day closing.
With the increased need for a custom loan tailored to a person's unique needs, there are many ways one can do so. We offer flexibility and custom options in order to create a perfect loan for any borrower. If you can't find what you're looking for, please contact us and we will be more than happy to help you out.
Our Credit Box is a direct, targeted loan and consists of:
Live agent. No wait time. Speak directly to a loan officer now!
A personal connection. Faster closing. Continued communication.