No Doc Multifamily Loans

Stated Income Financing for Commercial Multi-family Income Property

$100K - $5 Mil
Purchase Refinance Cash Out
Stated Income, No Doc
Any Credit Ok
Up to 80% LTV *
Low Interest rates
Non Owner & Owner Occupied
3/1 Arm, 5/1 Arm & 30 Years Fixed

No upfront cost
Easy to Apply, Quick Approval
Funding in Days

Call, Text or Apply Now

(951)-254-3712

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No Doc, Stated Income Multifamily Financing

We are Residential and Commercial Real Estate Mortgage Brokers offering stated income multifamily Loans & Financing for Purchase, Refinance, Cash Out & Rehab for single family 1-4 unit, Rental property, Multifamily Apartments, Mixed Use, Retail & Office building, Warehouse and other commercial properties. As a mortgage broker we also provide FHA loans, Conventional Full doc, lite doc, No doc, stated income multifamily loans, equity based private hard money loans for 1st & 2nd Position mortgage for Owner and Non Owner Occupied properties. We also provide Non prime, non QM mortgage for borrowers with credit or income issues.

Get Stated Income Multi-Family Property

Loans & Financing for

Purchase, Refinance, Cash Out,

Rehab, or Debt Consolidation

1st, 2nd Position Loans

LTV Up to 80%*

Fast, Easy & Quick Approval

Get Funding in 10-30 Days

CALL or TEXT NOW

(951)-254-3712

or

multifamily-hard-money-loans

5+ Unit Multifamily Loan Program

Any Credit Score Required

No Income Stated or Verified

No Source or Seasoning of Down

BK, Short Sale & Foreclosures OK

2nd / Second Mortgages Liens

LTV (Loan to Value) up to 80%*

Up to 60% for 2nd Position*

Interest Rates Starting at 5.99%*

Terms from 6 months to 30 Years*

*Rate, Terms, Fees, LTV are depended on the loan amount, loan to value, lien position, property type, location, purpose of loan, borrower ability to pay, credit etc. Call for Details

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Multifamily loans financing Check List

Documents Required for Commercial Multifamily Property Loans:

Stated Income for Multifamily Loan Program:

Loan Application

Copy of Lease Agreement (if rented)

 

Low Doc Multifamily Loan Program:

Above documents & Current Rent Roll

Current Year-to-date Operating Statement (Income and Expenses)

2 Years Historical Operating Statements

 

Full Doc Multifamily Loan Program:

Above documents plus

2 Years Personal & Business Tax Returns

Description of Property - Location, Number of Units, Year Built, Amenities, etc.

Property Brochure / Photos

Underlying Mortgage Balance

Lender fee, Broker fee, Escrow & Title fees are paid at closing. Any third party fees such as Appraisal, Environmental, Inspection etc are paid by borrower directly.

No Doc, Stated Income Loans & Financing for Multifamily Income Property

We offer stated income, stated asset equity-based multifamily loans financing lenders to borrowers who can’t qualify for a bank loan or who simply need capital quickly. Lenders care more about Equity in the property, borrowers Ability to make payments & theirs Exit plan to repay the loan. We won't waste your time. If we can't help you, we'll refer you to a private lender who may.

Multifamily loans financing are available for purchase, refinance for all Multifamily property, 5+ Units, Duplex, Mixed Use property, Commercial Office Buildings, Retail Shopping Center & Residential properties 1-4 unit (Owner Occupied and Non-Owner Occupied - Business Purpose Loans Only) and all Commercial properties.

Private Money Lenders & Investors Fund Loans based on Equity in the Multifamily Property and have Simple Loan Guidelines & Requirements. We have access to private hard money Jumbo loans & lenders offering mortgage from $1 mil to $10mil.

We Provide Commercial Private Hard Money Loans for Multi-Family Properties in the Riverside, San Bernardino, Fresno, Bakersfield, San Francisco, Inland Empire, Los Angeles, Orange County & San Diego County and all of California and Nationwide.

A Hard Money Loans for Multifamily property is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Multifamily loans financing lenders are equity based. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most hard money loans for Multifamily are used for projects lasting from a few months to a few years. Multifamily loans financing lenders offer multiple loan programs based on borrower requirements.

Private Money Loans for Multifamily is commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for Multifamily real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.

Hard money lenders for Multifamily are lending companies, or individuals, offering a specialized type of collateral backed loan. Private Hard Money Lenders tend to lend short-term loans (also called bridge loans) that provide funding and or cash, based on the value of the collateral. Hard money lenders and Investors can and will utilize all types of collateral- residential properties, commercial properties, vacant land, vehicles, etc. to complete the loan. Hard money lenders tend to focus on the value of the collateral and sometimes borrower's ability to repay the loan, FICO score, debt to income balance; instead of based on their own personal income or other assets, as is common with traditional conventional lenders. Private money lenders typically charge much higher interest rates and fees than banks because they fund deals that do not conform to bank standards such as verification of borrower's income, assets, or credit score.

 

Subprime mortgage loans & lender for Multifamily. A subprime mortgage is a type of loan granted to borrowers with poor credit histories, due to which they would not be able to qualify for conventional mortgages. Because subprime borrowers present a higher risk for lenders, subprime mortgages charge interest rates above the prime lending rate. A subprime mortgage carries an interest rate higher than the rates of prime mortgages. Prime mortgage interest rates are the rates at which banks and other mortgage lenders may lend money to customers with the best credit histories.

There are several different kinds of subprime mortgage structures available. The most common is the adjustable rate mortgage (ARM), which initially charges a fixed interest rate, and then convert to a floating rate based on an index such as LIBOR, plus a margin. The better known types of ARMs include 3/27 and 2/28 ARMs.

 

Stated Income Multifamily Loans & Lenders.

Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. Stated income mortgage loan are mostly used by self employed borrowers. In some cases lender would ask for bank statements to support the stated income. In case of Multifamily property, stated income lenders would just ask for rental income as proof of income for loan qualification.

We offer Hard Money 1st Mortgage, 2nd Second Mortgage Loans & 3rd Mortgage Liens for Commercial Multifamily Property. 2nd  Second mortgages and 3rd position Loans are riskier for lenders and thus generally come with a higher interest rate than first mortgages. This is due if the loan goes into default, the first mortgage gets paid off first before the second mortgage.

We Also provide hard money loans for Rehab, Fix & Flip loans, Bridge Loans, Construction Loans, Transaction Funding, Blanket loans against Multifamily Properties. If you are self employed we offer stated income loans, No doc loans, and bank statement loans against commercial Multifamily Units.


Nationwide Stated Income Multifamily Loans & Financing

Multifamily residential also known as multidwelling unit is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex. A common form is an apartment building. Sometimes units in a multifamily residential building are condominiums, where typically the units are owned individually rather than leased from a single apartment building owner. Many intentional communities incorporate multifamily residences, such as in co-housing projects.


A Multi-family residential housing is a building or structure that is designed to house several different families in separate housing units. The most common type of multifamily housing is an apartment building. Duplexes, quadruplexes, and townhomes also qualify as multifamily housing. The entire building or structure may be owned by an individual, an entity, or, as is the case with condominiums, by individuals who have purchased units. Multi family simply means the property has more than one living unit (duplex or above). Usually this means separate utility meters and will be sold as real estate that can be rented out to multiple families.

Multifamily units are almost always going to be zoned as multi unit with the whole structure being one owner, tax id, etc. In most places can't be split to sell individually. One source of multi-unit properties is older, bigger residences that have been split in to multiple units even though the ownership is for the building. From a lending point of view, any building or set of buildings unified under one deed containing 5 or more units is considered a multifamily property.

We have access to hundreds of multifamily loans financing lenders, private hard money lenders & investors in Los Angeles, San Diego, Riverside, San Bernardino, Fresno, Bakersfield & Orange County and almost all California.

Hard Money Stated Income Multifamily Mortgage Loan

Hard money lenders & Investors also provide Multifamily Stated Income Loans. These Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing tax returns, W2's, Pay Stubs, 1099 or Bank Statements.  Mostly the Stated income mortgage loan are used by self employed borrowers or for getting a business purpose loan. Home equity Stated income loans & 2nd/Second Mortgages are also available for business purposes. As a result in some cases lender would ask for bank statements to support the stated income.

Here are some Stated income loans for Multifamily properties.

A SIVA loan (Stated Income Verified Assets), or stated income/verified asset loan, allows you to state your monthly gross income on the loan application and requires you to verify your assets by furnishing bank statements or a similar asset document as compared to full doc which required proving income via tax returns.

A SISA loan (Stated Income Stated Assets), or state income/stated asset loan, allows you to state both your monthly gross income and your assets on your mortgage application. So in this case, both items are simply stated, and the bank or lender will not ask you to verify the information. Stated Income loan lenders are mostly used by self employed borrower or for business purpose loans.

A NINA Loan (No Income No Assets), allows borrower to state no income and state no assets on the loan application. A NINA loan comes with higher interest rate than traditional mortgages. Normally this type of loans are used on business purpose loans.

No Doc Mortgage Loans. We offer No doc home loans and no doc mortgage loan programs against owner occupied and non owner occupied properties for business purpose. Normally a No doc mortgage loan is one which requires No Income Verification and where borrower is not required to provide income documentation to verify their income.

No Income Verification mortgage loan program is when the lender doesn’t require you to prove your income to meets certain requirements. Normally No income verification works best for self employed borrowers, 1099 consultants, contractors, commission-based salary and in many other cases. We offer No Income Verification Loans for purchase, refinance, home equity & second mortgage for business purpose.

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Stated Income Loan for Multifamily

A stated income commercial loan is a mortgage where the commercial lender does not verify the borrower's income by looking at their tax returns, pay stubs, W2 forms or other records. Instead, borrowers are simply asked to state their income, and taken at their word. As a commercial mortgage brokers we have access to network of stated income commercial lenders offering these type of commercial financing.

 

No Doc Loan for Multifamily

A No-Doc or Low-doc commercial loan refers to loans that do not require borrowers to provide documentation of their income to lenders or do not require much documentation. Borrower can qualify by using their bank statement deposits or property income. We have access to network of No Doc or Low doc commercial lenders offering these type of commercial financing.

 

No Doc, No DSCR Multifamily Rental Property Loans

What is Debt Service Coverage Ratio (DSCR) used for Rental Investment Properties

The debt service coverage ratio (DSCR) are normally calculated for Investment Rental properties, also known as "debt coverage ratio" (DCR), is the ratio of operating income available to debt servicing for interest, principal and Insurance payments. It is a popular benchmark used in the measurement of an entity's (person or corporation) ability to produce enough cash to cover its debt payments. The higher this ratio is, the easier it is to obtain a loan.

The Debt Service Coverage Ratio (DSCR) is a simple way of measuring the ability of an investment rental property to pay all its operating expenses and any debt that may be against the rental property. Many commercial lenders uses DSCR for calculating income on rental properties, Multifamily properties, Mixed Use properties, Office Retail buildings and other income producing commercial properties.

A No DSCR loan is where the lenders does not use ratio for qualifying the loan. We Provide No DSCR loans, Equity based rental property loans, No Doc rental property loans &  Stated Income Investment Property Loans Lenders.

No Doc Stated Income Multifamily Apartments Financing & Loan Lenders

We provide multifamily loans financing lenders in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

We also provide multifamily loans financing lenders for Commercial Multi-Family property in the cities of San Jose, San Francisco, Oakland, Fremont, Santa Rosa, Hayward, Sunnyvale, Concord, Santa Clara, Vallejo, Berkeley, Fairfield, Richmond, Antioch, Daly City, Houston, San Antonio, Dallas, Austin, Forth Worth, El Paso, Corpus Christi, Jacksonville, Miami, Tampa, Saint Petersburg, Orlando, Hialeah, Tallahassee, Fort Lauderdale, Port Saint Lucie, Pembroke, Pines, Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Pueblo, Arvada, Westminster, Centennial, Birmingham, Montgomery, Mobile, Huntsville, Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Madison,Phoenix, Tucson, Mesa, Chandler, Glendale, Scottsdale, Gilbert, Tempe, Tempe Junction, Peoria,Atlanta, Columbus, Savannah, Athens, Sandy Springs, Macon, Roswell, Albany, Johns Creek, Warner Robins,Chicago, Aurora, Rockford, Joliet, Naperville, Springfield, Peoria, North Peoria, Elgin, Waukegan,Newark, Jersey City, Paterson, Elizabeth, Edison, Toms River, Trenton, Clifton, Camden, Cherry Hill, Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro, North Little Rock, Conway, Rogers, Pine Bluff, Bentonville, New York, Brooklyn, Borough of Queens, Manhattan, Bronx, Staten Island, Buffalo, Jamaica, Rochester, Yonkers,Boston, South Boston, Worcester, Springfield, Lowell, Cambridge, New Bedford, Brockton, Quincy, Lynn, Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, Bethlehem, Lancaster, Levittown, Harrisburg, Charlotte, Raleigh, West Raleigh, Greensboro, Winston-Salem, Durham, Fayetteville, Cary, Wilmington, High Point, Columbia, Charleston, North Charleston, Mt. Pleasant, Rock Hill, Greenville, Summerville, Sumter, Hilton Head, Florence, Salt Lake City, West Valley City, Provo, West Jordan, Sandy Hills, Orem, Sandy, Ogden, Saint George, Layton, Indianapolis, Fort Wayne, Evansville, South Bend, Hammond, Bloomington, Gary, Carmel, Fishers, Muncie,Wichita, Overland Park, Kansas City, Topeka, Olathe, Lawrence, Shawnee, Manhattan, Lenexa, Salina, Jackson, West Gulfport, Gulfport, Southaven, Hattiesburg, Biloxi, Meridian, Tupelo, Greenville, Olive Branch, Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Parma, Canton, Youngstown, Lorain, Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton, Edmond, Moore, Midwest City, Enid, Stillwater, Detroit, Grand Rapids, Warren, Sterling Heights, Lansing, Ann Arbor, Flint, Charter Township of Clinton, Dearborn, ivonia, Lexington-Fayette, Meads, Ironville, Louisville, Lexington, Bowling Green, Owensboro, Covington, Hopkinsville, Richmond, Vegas, Henderson, Reno, Paradise, North Las Vegas, Sunrise Manor, Spring Valley, Enterprise, Sparks, Carson City, Baltimore, Columbia, Germantown, Silver Spring, Waldorf, Glen Burnie, Ellicott City, Frederick, Dundalk, Rockville, New Orleans, Baton Rouge, Shreveport, Metairie Terrace, Metairie, Lafayette, Lake Charles, Kenner, Bossier City, Monroe, Minneapolis, Saint Paul, Rochester, Duluth, Bloomington, Brooklyn Park, Plymouth, Saint Cloud, Eagan, West Coon Rapids, Kansas City, St Louis, Springfield, Independence, East Independence, Columbia, Lee's Summit, O'Fallon, St. Joseph, St. Charles, Portland, Eugene, Salem, Gresham, Hillsboro, Beaverton, Bend, Medford, Springfield, Corvallis,Virginia Beach, Norfolk, Chesapeake, Arlington, Richmond, Newport News, East Hampton, Alexandria, Hampton, Portsmouth, Heights, Seattle, Spokane, Tacoma, Vancouver, Bellevue, Everett, Kent, Yakima, Renton, Spokane Valley, Memphis, New South Memphis, Nashville, Knoxville, Chattanooga, East Chattanooga, Clarksville, Murfreesboro, Jackson, Johnson City, Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, Mitchell, Yankton, Pierre, Huron, Vermillion, Des Moines, Cedar Rapids, Davenport, Sioux City, Waterloo, Iowa City, Council Bluffs, Ames, Dubuque, West Des Moines, Bridgeport, New Haven, Hartford, Stamford, North Stamford, Waterbury, Norwalk, East Norwalk, Danbury, New Britain, Wilmington, Dover, Newark, Bear, Middletown, Brookside, Glasgow, Hockessin, Pike Creek Valley, Smyrna, Boise, Nampa, Meridian, Idaho Falls, Pocatello, Caldwell, Coeur d'Alene, Twin Falls, Lewiston, Lewiston Orchards, Omaha, Lincoln, Bellevue, Grand Island, Kearney, Fremont, Hastings, North Platte, Norfolk, Columbus, Albuquerque, Las Cruces, Rio Rancho, Enchanted Hills, Santa Fe, Roswell, Farmington, South Valley, Clovis, Hobbs, Fargo, Bismarck, Grand Forks, Minot, West Fargo, Mandan, Dickinson, Jamestown, Williston, Wahpeton, Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Oshkosh, Eau Claire, Janesville, Providence, Warwick, Cranston, Pawtucket, East Providence, Woonsocket, Coventry, Cumberland, North Providence, West Warwick.

 

vfindloans.com  1307 West 6th Street # 219, Corona CA 92882  *  Tel: 951-254-3712  *  Fax: 951-710-6411

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