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Full Documentation Stated Income Multi-Family

Multi-Family Program, 5+ units

Loan amounts from $1,000,000 to $5,000,000 Minimum Liquidity > 6 Months P&I, not including C/O
As low as $750,000 with U/W exception Min 90% occupancy for prior 3 months
680+ minimum credit Cash-Out, refinance, or purchase
Up to 80% LTV No limit on cash out
Min 1.20 DSCR Non-Recourse available
Declining pre payment penalties No Maximum # of units
Amortization 30 years Photos of subject property, not required for submission
Minimum Borrowers Net Worth > loan amount ** No Schedule E’s or Tax Returns required for this program***

Items Required for Submission

LRF Loan Submission Form Rent Roll (current within 60 days)
1003 (signed by the borrower) 2008 YTD P&L (2007 P&L, required if refinance)
Credit Report Personal Financial Statement