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Do you need a Stated Income/Stated Asset product for your borrowers? Velocity is a Scotsman approved nationwide wholesale lender specializing in a true Stated Income/Stated Asset doc product for non-owner SFR's, 2-4 unit Residential, 5+ Multifamily, Mixed-use, and traditional Commercial properties. With just a mid fico of 650, your borrower can get up to 70% LTV with rates at par pricing, no upfront lender points, fully amortized terms, no balloon, and up to a 2pt rebate can be made on each loan.
We now allow brokers/bankers to TABLE FUND our product!!!
NO INCOME VERIFIED
NO EMPLOYMENT VERIFICATION
NO TAX RETURNS
NO PAY STUBS
NO YTD PROFIT & LOSS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
NO BALLOON PAYMENT
PROGRAMS FOR FOREIGN NATIONALS
CAN FINANCE UP TO 10 PROPERTIES PER BORROWER
70%LTV FOR 1-4 UNIT
75%LTV FOR MULTIFAMILY/MIXED-USE
65%LTV FOR OFFICE/RETAIL/WAREHOUSE
CAN VEST AS INDIVIDUAL OR LLC/CORP
1ST TD’s ONLY / PURCHASES & REFINANCES (No Cash Out restrictions)
LOAN AMOUNTS FROM 100k-5MM
NO MAXIMUM NUMBER OF PROPERTIES OWNED
FAST BROKER APPROVAL WITH NO BUYBACK CLAUSE
NO DCR on SFRs below 2MM
6.49% Floor Rate, No Upfront Points, Fully Amortized Terms
NOW OFFERING BROKER REBATES!!!!
Feel free to contact me if you would like to know more about our programs or have a scenario you would like to run by me.
Wholesale Sr. Account Executive
Velocity Commercial Capital
30699 Russell Ranch Road, Suite 295
Westlake Village, CA 91362
Phone 818.338.9551 Cell 818.512.5495 Fax 818.338.9751