Positive Rate Financial

Here's a Sample of Some of our Recent Closings
	$200,000 Warehouse - Stated Income / Asset; 3 year fixed / 30 year amortization, no balloon. Owner occupied by a cash-only business got a fast closing without having any personal financials, business tax returns, or full verification of existing mortgage payments. Cash out for the borrower allowed the business to exchange equity for capital. Prepayment for the fixed period only!!
	$430,000 Non-Flagged Motel - 60% LTV ; Full Doc 3 year fixed / 30 year amortization, no balloon. Prepayment for only 3 years. From submission to funding in only 35 days, we were able to get this difficult property type done. What can we do for you?
	$430,000 Retail / Warehouse - Stated Income / Asset; 2 years fixed / 30 year amortization, no balloon. Cash out refinance of a well established business using market rents only allowed this borrower to get the cash he needed without using the business or personal income tax returns. Prepayment option allows up to 20% of the outstanding balance to be paid by the borrower each year.
	$485,000 7 Unit Apartment - 75% LTV; Stated Income / Stated Assets; 5 year fixed / 30 year amortization, no balloon. Property was unseasoned after a complete rehab, income tax returns did no support the underwriting, but we were able to show projected leases would cover the payments and closed within 30 days of submission!
	$344,500 Funeral Home/Mixed Use - 65% LTV / 75% CLTV; Full doc; 2 year fixed rate, 20 year amortization, no balloon. Helped the borrower's renegotiate a purchase agreement and seller second after the initial appraisal came in way low! Unusual property type made for a difficult approval, and credit took a dive during the process, but exceptions were granted!
	$360,500 Warehouse/Light Industrial - 70% LTV; Stated Income/Asset;3 years fixed, 30 year amortization, no balloon. Strong cash flowing borrower with middle credit had to make use of gift funds for down payment; environmental issues with roofing materials were overcome!
	$350,000 Restaurant/Bar - 61% LTV; Stated Income/Assets; 3 year fixed/ 30 year amortization, no balloon. Strong credit. Deal was in peril when appraisal came in low, debt service became an issue, and property did not pass muster for the first choice of lenders. Issues were addressed, refinance resulted in lower monthly payments of almost $1000 !!
	$1,626,000 Automotive Repair - 75% LTV, 7.00% Full Doc; 5 + 5 (fixed for 5 yrs, adjusts once to the 5 yr Treasury, then fixed for another 5 yrs); 10 year balloon, amortized over 25 years NO PRE-PAYMENT PENALTY with 1 pt origination to the lender. Strong Credit. This pristine automotive property qualified for a high LTV at an incredible rate based on Treasuries. Faster than a bank loan with no defeasance or yield maintenance.