With a No-Doc Loan, you can take advantage of more investment
opportunities
What is a TRUE NO DOC LOAN?
A True “NO DOC LOAN” is available for non-owner-occupied properties only and does not
require a credit score, bank statements, financial’ s or reserves! Basically, nothing except
confirming your source the funds to close.
How Does a No Doc Loan work?
No Doc Loans do not rely on the creditworthiness of the borrower. Instead, they look to the
value of the property. The lender wants to make sure that if the borrower defaults, there will
be sufficient equity in the property over and above the amount of the loan.
OUR NO DOC LOAN PROGRAMS FEATURES
RATES: Residential investment @ 9.0% / commercial @ 9.5%
TERMS: 60% LTV, 60 months interest only + escrows
TITLE: Must be titled in a domestic entity More specifically either an LLC or Corporation
and cannot be titled in an individual name
PROPERTY TYPES:
•
1-4 single family residence
•
vacation rental
•
condos
•
multi-family
•
office
•
retail
•
warehouse
BENEFITS OF NO DOC LOANS
With a No Doc Loan, you can buy more properties. Instead of putting all your capital into
one property, you can put a small amount into multiple properties to increase your profits
from Investments
Use No Doc Loans to generate more profits from multiple properties and grow your
business. history as the primary criteria for a home purchase. NO Tax returns, W2s or Pay
stubs required.
It is also important to note that like with any type of loan, there are certain requirements
involved. That’s why it’s a good idea to work with a knowledgeable lender like 1st Florida
Lending who can help you understand these requirements and what you’ll need in order to
get your financing approved
Use No Doc Loans to generate more profits from multiple properties and grow your
business.
NO DOC LOANS
Starting in the 5’s
CAN I USE NO DOC LOANS FOR A PROPERTY FIX AND FLIPS?
No Doc Loans HAVE PRE-PAY PENALTIES and are not the best option for
buy Fix and Flip projects. We do offer a 1 and 2 year Bridge Loan with NO
PREPAY PENALTIES including 100LTV Rehab Money
Ask us about our 1 and 2 year - no pre-payment penalty Fix and Flip Bridge
Loans with 100% LTV REHAB