No Doc Financing

Our No Doc Loan Program does not require tax returns or detailed financials. This is a streamlined underwriting process primarily based on the value of the subject property. 

Loan Terms

Loan Amount:

$500,000 - $5,000,000

Loan Term:

3, 5, or 10 Year Balloon; 25, or 30 Year fully amortizing; Interest only available


25 or 30 Years, based on property condition

Loan to Value:

Multifamily: Maximum 80% of appraised value, or if property has been purchased within the past 12 months, 80% of lower of: a) purchase price, plus value added renovation, plus 3% closing costs, or b) appraisal; Commercial Properties Max LTV typically 65% - 75% 

Interest Rate:

Risk-based “Tier” pricing, varying with LTV and DSC ratios

Prepayment Terms:

3, 5, or 7 year step-down prepayment schedules

Third Party Reports:

MAI Appraisal, Physical Needs Assessment. Environmental Phase I Assessment may be required


Tax and insurance escrows are required; Funded Repair and Replacement escrow is required, based on engineer’s Physical Needs Assessment; For loans of less than 65% of value with no deferred maintenance, funding of repair and replacement reserve can be waived at lender’s discretion

Application Fee: 

$3,000 - $11,000; Covers 3rd Party reports and processing/underwriting costs

Legal Fees: 

$1,000 to $5,000 varying with characteristics of the deal