Check out this loan we funded with the following criteria:
One of our loan officer clients received a retail bank turndown from a realtor on June 29th. The loan amount was $3 million. We structured the loan as a 12-month Business Bank Statement loan and the loan got approved. The loan was submitted to underwriting on Tuesday, July 18th, 2023, two appraisals were transferred to us and we closed the loan on August 6th. Not only did we help save the deal for the realtor but we helped the borrower obtain financing where a retail lender couldn’t structure a self-employed borrower properly to get them financing. Luckily for the borrower, we are experts in the Non-QM market and know all of our Non-QM programs inside and out.
Contact us today for a free Non-QM program scenario.
