Commercial Mortgage Unlimited

Now offering equity-based loans to borrowers who can’t qualify for a bank loan or who simply need capital fast. All loans are secured by commercial and residential properties.

Commercial: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial, Mixed-Use, Special Purpose, AG, Land

Residential: Single Family Residences, Multi-Family 2-4 Units, Condos, Town-homes, Construction, Land, Development

Exceptions:   We will lend on all property types and all property conditions. All property locations will be reviewed.

• NO FICO Score Requirements, Bad Fico Ok

• NO Tax Returns, No Doc, Stated Options

• NO Debt-to-Income Ratio Requirements

• NO Debt Service Coverage Ratio Requirements

• NO Financials, No 4506, All Property Uses

• NO Red Tape “Make Sense Underwriting”

• All Property Types, All Property Conditions

• Self Employed Borrowers, Wage, No Doc

• Stated Income Loans

• Recent Foreclosure or Short Sale or BK Ok

• Individuals, Trusts, Foreign Nationals, Corp LLC

• 1st & 2nd Mortgages, Cross Collateral

• Business Purpose and Commercial Use Only

• No Seasoning Requirements Title or Funds

• Purchase, Refinance, Cash-Out Equity, Mezzanine

• Residential & Commercial & Industrial & AG/Land

• $30,000 to $1,000,000
• No FICO Score Minimum
• Rates as low as 7.25%
• 30 Year Fixed
• No Upfront Lender Fees (Appraisals are paid COD after commitment)
• YSP Available
• 2 to 3 Week Closing

Properties that are Eligible  include:

• Self Storage
• Multi-Family
• Mixed-Use
• Strip Malls/Shopping Malls
• Retail Spaces
• Office Spaces
• Warehouses
• Day Care Centers
• Light Industrial
• Hospitality
• Marinas
• Auto Body Shops
• Auto Repair Shops
• Car Wash
• Mobile Home Parks
• Churches

Property Types that are Ineligible!

• Gas Stations
• ALF’s
• Land
• Construction

Needed Documents! Purchase contract or L.O.I (Contingent on financing), income and expense/rent roll, leases, 10-03 res loan application, credit report) leases eventually

We do not fund in these states.

Vermont

Michigan

West Virginia

Tennesee

Kentucky

Mississippi

Alabama

Louisiana

Arkansas

Illinois

Iowa

Missouri

North Dakota

South Dakota

Nebraska

Kansas
Oklahoma

Montana

Wyoming

Idaho

Utah

Nevada

Arizona

New Mexico

Oregon

1% of origination

 $3,500 Processing fee for any loan $500k and up

$2,500 Proccessing fee for any loan $100k-500k

$1,000 Processing fee for any loan $100k and less.

 Appraisal paid directly to appraiser at time of inspection

 Title fees estimated at 1% of loan amount + $1,000

( 2# ) Second example of a popular No Doc loan program.

(No Tax returns, 650 minimum fico)

• Rates as low as 6.74%
• Funding from $75K to $5MM
• LTVs up to 75%
• No pay stubs or tax statements required
• 650+ mid FICO qualifies
• No balloons- 30 year amortized term with a 3 or 8 year fixed period
• Investor 1-4,
• Multi-family,
• Mixed-use
• Office,
• Retail,
• Warehouse,
• Automotive Service and more

Investment Properties 1- Unit

These investment properties include single family homes, condos, town homes and 2-4 unit buildings. As long as the property is non-owner occupied, and is used for investment purposes, Velocity can provide a loan for your borrower. Maximum loan amount is $750k on SFRs and $2 million on 2-4 unit buildings with up to 70% LTV. Loan sizes over $2 million, are considered on a case by case basis. Impounds required. Loan is assumable at lender’s discretion. Program unavailable in AK, IL, MI, MN, NH, ND, SD, and VT

Multi-family (5+ units) and mixed-use buildings. Maximum loan amount is $5 million with LTV up to 75%. Impounds required. Loan is assumable at lender’s discretion. Program unavailable in IL, MI, ND, SD, TN, and VT.

Office buildings, general retail, warehouse, self- storage and automotive services. Maximum loan amount is $5 million with an LTV of 70%. Program unavailable in IL, MI, ND, SD, TN, and VT.

We offer custom tailored loan programs according to the borrowers financial profile and the current or projected cash flow.

# 3 Example of no doc loan (No Tax returns, 620 minimum fico)

Today many traditional banks will not underwrite small balance loans or loans to support building purchase, renovations, debt consolidation or some other commercial mortgage application. Many self-employed building owners find it difficult today to find funding. Here we have another great example of a limited doc loan program.

• Loans range from $25,000 to $1 million (minimum property value of $75,000)
• Credit rating  620 or better
• Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings

We lend in 42 states by funding and servicing commercial mortgages for their customers. We do not lend in Alabama, Alaska, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

Eligible Properties for owner Occupied Businesses

……………………………………………………………………………………………………………………………………

New Loan program for

Mixed use & multifamily up to 75% LTV

Automotive, warehouse, retail, office, light industrial & mobile home parks 70LTV

My min credit score is 660.

Lender does not fund 1-4 family properties for this loan program.

Investor properties Max 70LTV/Business owner occupied Max 70ltv

The minimum loan amount is 250,000. with a max of 1 million

Loan Purpose: Purchase,Co,Refinance

Loan Product: 5- year/ 7- year Hybrid 10 year fixed

Rates:  6-9%

Amortization: 15,20,25,30

Eligible states: top 200 MSA’s

Eligible Borrowers: US Citizens, Permanent Resident Aliens, Legal entities

Index: wall Street Journal Prime rate

Property Types: Mixed use & multifamily up to 75% LTV

Automotive, warehouse, retail, office, light industrial & mobile home parks

Pre pay: 5% for first 5 years

Legal entities include corporations, LLC’s, partnerships and trusts with majority ownership by US citizen or permanent resident alien. All principals with minimum 25% ownership must personally guarantee loan.

Loans are assumable

Max LTV 65% for automotive and Mobile Home parks

Lender does not lend in the following states DE,HI,ID,MI,MT,ND,NV,SD,TN,VT,WV,WY

Max LTV is 65% for 30 year amortization

•             No tax returns or 4506T’s on investor loans

•             No seasoning requirements on refinances

•             Unlimited cash out

•             3 year pre pay option (25bsp to rate)

•             30 year term available on all property types

•             Bank Statement Program for business owner occupied max 70ltv

Lender fees: $2,000

Legal doc fee: $1,000

………………………………………………………………………………………………………………………………………….

We offer many No Tax returns, Limited Doc loan programs.

Here is an example of a Hard Money lender that also offers limited doc – full doc funding.

Now offering permanent loan programs provide secure long-term financing without the traditional hurdles of large banks. General scenarios include long-term, fixed-rate loan programs ranging from 5-30 years for stabilized assets across all property types.

Permanent Lending Platform