No Income Multifamily
We offer multi-family loans, also known as commercial mortgage-backed securities (CMBS), non-recourse or recourse loans specifically designed for purchasing apartment complexes. This type of commercial real estate loan is secured by the property acquired by the borrower and is commonly referred to as a multi-unit loan.
- Loan Amounts can go up to $10 Million
- 5-48 Unit Buildings
- Loan-to-Value as High as 75%
- Borrowers can Have up to $5 million in Cash in Hand
- FICO Score Requirements can be as Low as 700
- Bankruptcy, Foreclosure, Short Sale, and Deed in Lieu of Foreclosure Seasoning can be as Low as 36 Months
- Borrowers can Qualify Based on Their Income Tax Returns When Selecting Interest-Only Payments
- Borrowers with all Three Credit Scores Reporting on Their Credit Report do not Need Tradelines
- Reserves can be as Low as 3 Months
- Only 30-Day Asset Verification is Required
- Gift Funds are Allowed
- Housing History can Have No 30-day Late Payments in the Past 12 Months
We urge you to contact our office to speak to a loan specialist who give you more information about our multi-family mortgage loans.
