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Great Commercial Loan Alternative Program: STATED INCOME underwriting (TN)


Date: 2009-10-31, 10:28AM CDT
Reply to: see below


This is a great alternative financing option for borrowers needing commercial real estate financing, but are having a tough time getting a loan from the local commercial bank.

Loans are available from $25,000 to $400,000 for purchase, refinance, and cash out refinance transactions.

This option offers
-STATED INCOME/STATED ASSET underwriting
-Credit Scores down to 600 can be accepted (good payment history is needed)
-Fixed and Adjustable programs
-FULL 25 YEAR TERM! NO Balloon Payments!
-FREE Pre-approvals and fast closing
-Most commercial property types acceptable as collateral.

The bottom line is this: we are still closing "non-traditional" commercial loans, at fair terms (ARM rates starting at about 9.25%) which local banks are refusing to consider.

Please contact me for further discussion on this topic.

Thank you.

Joseph Mottola
Vista Mortgage Corp.
200 Sutton St. #235
N. Andover Ma 01845
Ph 800 684 4490
Fx 978 688 8232
jmottola@vistamtgcorp.com

Vista Mortgage is a commercial mortgage brokerage firm. Terms and rates can change at any time.




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