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J.E.P. is set-up with an affiliate program that specialize in Small Balance Commercial Nationwide.
These are the requirements and benefits of this program:
A. Small Balance Commercial Loans Nationwide
B. Loan Amounts: 100K to 3M
C. Innovative & Flexible Loan Programs
D. Lite-Doc
E. Commercial Express
F. New- No DCR Program
G. New-Interest Only Program
H. Up To 80% LTV
I. Minimum FICO Score: 650
J. 3,5,10 and 30yrs fixed rate options
K. PAR Pricing
L. Streamlined Loan Process & Same Day Approvals
Commercial Express Loan:
Loan amounts up to $2.0 million, requiring no personal tax returns. Perfect for owner occupied properties and self-employed borrowers who can verify their income.
Property Types:
A. Class I: multifamily and mixed-use
B. Class II: office, retail, warehouse, self-storage, mobile home parks, automotive services (must clear environmental risk parameters)
C. Class III: light industrial, restaurants, hotels/motels
Loan Types
A. Purchase
B. Refinance
C. Cash-out Refinance (no limit on cash out)
Loan Amount: $100,000 to $2.0 million
LTV: Up to 80% (CLTV = Matrix LTV)
Fixed Period: 3, 5, 10 and 30 - year fixed rate
Term: 20 year fully amortizing (15, 25 and 30-year amortization available)
Minimum FICO: 650
Minimum DCR : 1.20 - Ask about the No DCR Program!
Points PAR
Lite-Doc Loans:
Loans from $100,000 to $3.0 million, focusing on the borrower credit score and personal financial strength.
Property Types:
A. Class I: multifamily and mixed-use
B. Class II: office, retail, warehouse, self-storage, mobile home parks, automotive services (must clear environmental risk parameters)
C. Class III: light industrial, restaurants, hotels/motels
D. All income-producing property types considered.
Loan Types:
A. Purchase
B. Refinance
C. Cash-Out refinance (no limit on cash out )
Loan Amount: $100,000 to $3.0 million
LTV: Up to 80% (CLTV = Matrix LTV)
Fixed Period: 3, 5, 10 and 30 - year fixed rate
Term: 20 year fully amortizing (15, 25 and 30-year amortization available)
Minimum FICO: 650
Interest Only Loans:
Interest Only program is designed to allow borrowers time to reposition a property before obtaining permanent financing. Once the property is stabilized, the affiliate can perform a streamlined ; review and offer a no-hassle permanent loan. This program is ideal for the following situations:
A.Rehab/Repositioning
B.Quick acquisition
C.Turnarounds
D.Equity cash-out
E.Creative Financing
Property Types:
A. Class I: multifamily and mixed-use
B. Class II: office, retail, warehouse, self- storage, mobile home parks auto services (must clear environmental risk parameters)
Loan Amount: $150,000 to $600,000
LTV: Up to 65% of value
Term: 12 Month - Interest Only
Minimum FICO: N/A
Minimum DCR: N/A
Bridge Loan:
Our affiliate lender has a unique "bridge loan" program for borrowers who don't meet our traditional lending guidelines. With this product, our affiliate lender has the ability to give the borrower a temporary loan, with the intention of refinancing them into a more traditional loan once the issues that prevented them from being eligible for our traditional financing have been corrected.
Requirements:
A. No minimum FICO
B. No DCR
C. Sated or Full Doc
D. 65 LTV max
E. 1 year interest only
*Closing in 30-45 days, sometimes faster if necessary
*Appraisal Ordered by: Affiliate Lender:
*Location: Nationwide
Please email or call us if you are need of this program.
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