We are a Nationwide Direct Wholesale Lender looking for Brokers/Investors who have an interest in our NO INCOME VERIFICATION loan program for "Buy & Hold" turnkey and ready Income Producing Properties (acquisition or refinance). Here's the simplicity of our product:

PROPERTIES WE LEND ON

SFR - up to 75%LTV - No DTI Required - Cannot be Primary Residence/Owner-Occupied - Have to currently own Primary & 1 Investment Property for PURCHASE MONEY TRANSACTIONS - REFINANCES require Primary and the Subject Property being Refinanced - 650 Min FICO Required - Min/Max Loan Amount is $75k-$1.5MM

2-4 UNITS - up to 75%LTV - 650 Min Fico Required - Min/Max Loan Amount is $75k- $2MM

Multifamily / Mixed-Use - up to 75%LTV - Can be Owner-Occupied or N/O/O - Min/Max Loan Amount is $100k-$5MM

Office/Retail/Warehouse/Self-Storage/Automotive - up to 70%LTV - Can be Owner-Occupied or N/O/O - Min/Max Loan Amount is $100k-$5MM

TERMS/RATE OFFERED

3 or 8 Year Fixed, Amortized over 30-yrs, NO POINTS, with rates at par under our No Income Verification loan program - We do not offer a bank statement or full doc program at this time

WHY VELOCITY vs HARD MONEY?

FIX&FLIP/ARV OPTIONS AVAILABLE

NO INCOME/EMPLOYMENT VERIFICATION

NO TAX RETURNS

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 4506/CPA LETTER

NO 12-24 MONTHS BUSINESS BANK STATEMENTS

NO BALLOON PAYMENT

NO CASH OUT RESTRICTIONS

NO RESERVE REQUIREMENTS

NO EXIT STRATEGY, PERSONAL FINANCIALS or EXECUTIVE SUMMARY

PROGRAMS FOR FOREIGN NATIONALS/INVESTORS

OKAY FOR WAGE EARNERS & FIRST TIME INVESTORS

CAN VEST AS INDIVIDUAL OR LLC/CORP

1ST TD’s ONLY / PURCHASES & REFINANCES

LOAN AMOUNTS FROM 75k-5MM

NO MAXIMUM NUMBER OF PROPERTIES OWNED

FAST BROKER APPROVAL WITH NO BUYBACK CLAUSE

NO DCR ON SFR’s or COMMERCIAL LOANS UNDER $500k

It really is that simple... Contact me directly with any questions or scenarios you may have.

mbassali@velocitymortgage.com 

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