This Loan Program is for Corporations, LLC's, Partnerships.
This gives the "borrower" the option to vest the title of their property into a trust, corporation, LLC or Partnership. This unique option provides the sophisticated borrower their preferred legal structure as to how they would like to retain the title and legal protection for which these legal entities were intended.
The qualifying criteria is based on the credentials of the actual borrower whom will appear on the standard 1003 loan application, middle credit score of the 3 major credit reporting agencies, income documentation, bank statements/liquid assets and requires signatures on all of the standard documents including the Loan Note, Good Faith Estimate, Truth in Lending and all disclosures, addendums, HUD and settlement statements.
Benefits to the borrower:
- Legal protection
- All trusts are eligible, LLC's, Sub S Corporations, Partnerships
- Up to 90% LTV
- Tax benefit goes to the borrower
- No underwriter guideline adjustments
- No price or rate adjustments
- Fast turn times and less paperwork
- Cash Out Refinance
Super Jumbo Loan Amounts:
- Maximum loan amount $2,500,000
- Non-owner occupied
- Fixed and Adjustable
Reference # - 245 528032615