Stated Income with No Tax Return Multifamily Financing

We seek quality properties and sponsors, owner-user, investor sponsors, or corporate entities that need a mortgage solution for acquisition, rate and term commercial refinance or cash out. Most multifamily properties, such as apartment complexes, senior housing, assisted living facilities and student housing mortgages are considered, on a nationwide basis.

We look for real cash and/or equity into the deal. Best case scenario is that 80% financing will be offered today, if you can prove the property can sustain the mortgage payment. A quick and common sense answer is what you will receive from us.

Getting Started with Direct Money

Simply take a few minutes to review/read our website. From there, please begin your loan approval by using our brief online application at the top of this page, or call us to go over any of your questions. Generally, you will immediately get an answer if we think we can help or be given the reasons for not proceeding with the loan request.

Thinking positively and presuming we can help you, you will be assigned a dedicated representative and asked to gather additional details on both the property and the sponsor. Best efforts will be given to provide written responses within 48 hours of receiving all of the requested items. Once approved, a detailed Loan Terms (that clearly outlines the interest rate, mortgage term, loan costs and the anticipated date of closing) will be issued.

Because most of the paperwork involved in our stated income loan process is minimized, and we can be flexible on underwriting guidelines, closing a multifamily loan typically occurs within approximately 3 weeks.

Throughout the loan process, your Direct Money Lenders representative will work closely with you to keep you informed and be available to answer any questions. The end result is that you get the service you want and the funding you need, when you need it. We offer solutions, not excuses!

Most Multifamily Property Types will be Considered for Stated Income with No Tax Returns!

Bridge Loan Financing Multifamily – General Guidelines

Eligible Properties Purchase – Refinance– Cash out – Investment – Owner Occupied Commercial – Apartment – Mixed Use – Self Storage – Warehouse – Office – Restaurant – Multifamily – Investment SFR (1-4 unit)
Minimum Loan Size $100,000 – $2,000,000+
Pricing 6.99% – 11.99% Interest only– 1% – 2% Origination points (paid at closing)
Loan Terms 3 -5 – 7- 10 from initial investment – 25-30 year amortization
Prepayment Penalty None typically
Personal Guarantees Yes, preferred – Non-Recourse options here
Loan-to-Value 80% AS-IS maximum LTV- 75% as completed LTV is considered today
New Equity (cash) Requirements
Purchase minimum – 10% – 20% of total projected cost
Third Party Reports Appraisal – Collateral value opinion DML Property inspection (case-by-case)Legal Opinion ALTA Title policy/survey
Preliminary Submission
Package For  Loans:
1. Well written summary OR our online application – Representative color photographs OR older appraisal. Current, detailed Rent Roll, including the unit mix. Historical & YTD operating statements. Why the need for the loan. Sources and uses, Resume or Bio