“Ideal Solution is a Bank Statement Loan”
I have a business client who owns a commercial property in Hartford free and clear. He is not lendable on the bank side due to his tax returns. Ideally
he gets a commercial mortgage, but he has about $190K in equity on his
personal home and is looking for approx. $100K cash out. $160K current mtg, $350 value – primary residence. Can I introduce him to you?
Many
self-employed borrowers show very little income on their tax returns
yet have great credit and show plenty of cash flow. This banker knows
that we offer loans that can fill the needs for this individual. For
this loan NO tax returns are required at all.
I
just closed a loan for a client that showed over $20,000 per month
going through the checking account and paid taxes based on $18,000 for
the year. A bank statement loan was the perfect solution in this
situation as well.
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