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Tag Archives: No Income Verification Loans
Please follow these steps to help make your apartment or commercial financing request run smoothly. Count on us to do all we can to make this a great experience. Following these steps will ensure a closing in 30-45 days. The timing truly depends on you. The quicker you turn in the required documentation the quicker it will close.
1. Obtain Letter of Interest/Conditional Approval
The property must be able to service the debt, so it is critical that we obtain these items to issue an LOI. The process of obtaining the LOI will determine whether the property supports the desired loan amount. In order to obtain an LOI, fax or email the following:
A current rent roll
An operating history for 2010, 2011 and 2013 year-to-date
A completed loan application form 1003 and credit report
We can issue an LOI with a current information sheet prepared by the listing agent
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