Loan Size: $50,000 to $10,000,000
LENDING CRITERIA
ALL TYPES OF BORROWERS
- Individuals
- Corporations/LLC’s
- Trusts/Partnerships
- Multiple borrowers/entities for a single transaction
ALL TYPES OF RESIDENTIAL AND COMMERCIAL PROPERTIES
- Owner Occupied
- Non-Owner Occupied
- 1-4 Units
- Vacation Homes
- Cross-collateralization on Multiple Properties for Maximum Loan Amounts
- Second Mortgages/Subordinate Liens/Seller Carry OK
FOR ANY REASON
- Bankruptcy and Foreclosure OK
- Properties listed For Sale
- Fix & Flip Properties
- Acquisition of Discounted Properties
- Divorce or Medical Situations
- Trust and Estate Settlement
- Debt Restructuring
- Cash Out for other Opportunities
LOAN GUIDELINES
- Unlimited Cash Out for Any Reason
- Subject property equity minimum $30,000
- 2/28 Loan / 30 year Amortization
- Fixed Interest Rate for 2 years
- No Application Fee
- Stated Income / Stated Asset
- Reasonable Debt Service
- LTV up to 70%
- CLTV up to 150%
- No proof of Self-Employment required
- All Prior Liens Paid in Full at Closing
- No Seasoning Requirements
- No SECTION 32 or HOEPA Loans
LOAN SUBMISSION REQUIREMENTS
- Completed 1003 Loan Application
- Compliance Documents (Disclosures)
- Appraisal
- Credit Report
- Preliminary Title Report
- Purchase Contract (if applicable
* - The above parameters are set forth
only to provide general guidance.
Each loan request is unique and Floodgate
Capital has the flexibility to structure
loans for almost any situation.
