COMMERCIAL NO-DOC PROGRAM
This program has been designed for all your self-employed/nonbankable borrowers.
1. 888. 358 . 3444 WWW.METWESTONLINE.COM
GENERAL PARAMETERS
COMMERCIAL PROPERTIES
Loan Amount
$100,000 to $3,000,000
Amortization
30 years
Maximum LTV
65% LTV
Subordinated Financing
10% Only
DSCR
1.25x
Minimum Fico Score
650 Middle Score
Fixed Period
3, 5 Years Options
Rate Structure
2% Initial, 1% per 6 month., 6% Life Cap over the start rate
Rates starting at
7.99% Fixed
Rate Lock
Until Loan Docs are drawn
Personal Recourse
Required
Prepayment Penalty
5% Per each year loan is fixed. For example 3 year fixed 5%, 5%, 5% 1 year buy down add 1.00% to rate)
Nationwide/States Preferred No Rural Properties
FL, NY, NJ, CA,TX, CO, PA, NC, SC
States Ineligible
IL,MI,ND,SD,TN,VT
Transaction Type
Purchase, Refinance, Cash Out Refinance
Eligible Property Types
Office, Retail, Light Industrial, Self -Storage, Mobile Home Parks
Brokers
Protected, Rebates up to 2%
Metwest is a Correspondent Lender financing small-balance commercial properties nationwide since 1999
BROKER REBATES UP TO 2%