We have a very unique program where our affiliate direct lender, lend to Auto Dealers and allow them to leverage property in order to make them a loan. Generally their loans are short term bridge loans and here are some key factors:
1) Ranging from 6 months – 36 months
2) Loan amount Range from $50K – $3 million
3) No minimum credit score
4) 1st , 2nd, 3rd, or 4th Mortgages Ok!
5) Can fund up to 70% CLTV on a property acquisition
6) Specialty Properties Are OK!
7) Tax Return Profitability Doesn’t Matter – Underwriting Based On Gross Deposits On Business Bank Statements
8) 2x – 4X Of Your Estimated Average Gross Monthly Sales In Terms Of Loan Amount
9) Both secured and unsecured loans are offered. We can only give about 1x monthly cash flow for unsecured loans and up to 4x monthly cash flow for secured loans.
10) We Are Not A Merchant Cash Advance Company
If you are interested, please contact us for a one-page application.