Business Purpose Mortgages and Vesting Options
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.
Loan Purpose: Purchase, R/T Refinance, Cash Out Refinance
This unique option provides the sophisticated borrower with their preferred legal structure as to how they would like to retain the title and legal protection for which these legal entities were intended.
620 Minimum Credit Score and 90% LTV Maximum
The qualifying criteria is based on the credentials of the actual borrower who will appear on the standard 1003 loan application, middle credit score of the 3 major credit reporting agencies.
Super Jumbo Loan Amounts
* $6,000,000 – Purchase Loan & Refinancer R/T
* $5,000,000 – Refinance Cash Out
Eligible Property Types:
* Single Family Residence (SFR) – Attached
* Single Family Residence (SFR) – Detached
* Condominium
* 2-Unit
* 3-Unit
* 4-Unit
Eligible Occupancies:
* Owner-Occupied
* Non-Owner-Occupied
Available Terms:
* Fixed and Adjustable
Title Vesting
* All trusts are eligible, LLC’s, Sub S Corporations, Partnerships. One of the benefits is legal protection.
Fast Turn Times and less paperwork
Available in the Following States:
Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.
Reference # – 245 528032615