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BRIC LLC NO INCOME VERIFICATION LOANS

BRIC LLC NO INCOME VERIFICATION LOANS

By functioning together, we share your vision. This enables us to provide a cutting edge commercial resolution that actually works for your particular situation.

 
 

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Stated Commercial Loans (click on photo)

Stated Commercial Loans (click on photo)

BRIC LLC…“STATED INCOME COMMERCIAL FINANCING”.
We complete commercially produced mortgage loans from $25,000 to $1,500,000 We can work with the large majority of commercial properties for collateral, which includes: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Funeral Homes, Beauty Shops, and more. The highest LTV on income creating property is 70% as well as maximum LTV on owner-user properties is 65%. Additional options that come with our platform are listed below:
• 600 Bare minimum FICO Score
• Loans close in three to four weeks
• Fix Rates of interest start out at 10.5%
• 5 Year Balloon Product 6.5% amortized over 25 years
• Adjustable Rates begin in the 9% Range
• Declining 5%-4%-3%-2%-1% Prepay Penalty
We don’t provide loans on raw land, construction, assisted living, restaurants, bars, or even gasoline stations (despite the fact that we will lend on automobile repair or auto body shops)
At BRIC LLC, we handle all of the processing for you. The process is simple:
WWW.THEBRIC.COM

 
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Posted by on May 9, 2014 in Uncategorized

 

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COMMERCIAL/RESIDENTIAL LENDING

COMMERCIAL/RESIDENTIAL LENDING

COMMERCIAL/RESIDENTIAL LENDING

BRIC LLC understands the unique investment opportunities available in today’s market; we pride ourselves on delivering concierge-like service, with swift closings. Go to our website http://www.thebric.com and submit an Inquiry Today!

 

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We here at BRIC LLC would like to thank you for your consideration, concerning your commercial financing needs. Please forward the following information for review…

– Tri-Merge Credit Report – most recent credit report (if they do not have one a free credit report from my credit report.com can assist during initial review) ****

– Photograph(s) of the Subject Property if available (they can use there phone and text or
e-mail them) ***

– Rent Roll and Ops statement (attached)

– PFS (personal financial statement)

– SREO (schedule or real-estate owned can utilize a spread sheet)

 *Upon receipt of these items we can evaluate and present an offer (LOI)… At that time we may request additional documentation.

Please send in all supporting materials to arrive prior to your file being underwritten Incomplete Files cannot be reviewed until the necessary items are received, so any missing documents will delay application processing and may affect your chances for approval

 

Click Below

http://thebric.net/LoanRequest.html

 

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STATED COMMERCIAL LOANS

Loan Programs & Commercial Mortgages

Apartment Building Mortgage Mixed-Use Building Mortgages Retail/Office Warehouse/Office Building Mortgages Auto Day Care / Hair Salons / Funeral Homes Hotel and Motel Mortgages

Loan Programs & Commercial Mortgages
BRIC LLC; We do not underwrite in a box
BRIC LLC is the only true Smaller sized Lender. We are now happy to bring about loans as little as $25,000. (Real estate has to be worth minimum $75,000 to be considered). Furthermore we can write out loans to as much as $1,500,000
RATES 6.99% -11%

Visit our website at www.thebric.com

Leave us an Inquiry and we will get right back to you!

 
 

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STATED COMMERCIAL LOANS

BRIC LLC Lending Guidelines
With our objective strategy and common sense underwriting approach, we aim to help you capitalize
on the growing opportunities in our small balance commercial niche. BRIC LLC’S flexible lending
guidelines were created to provide you with the best possible solutions for your borrowers.
Simple to submit. Simple to qualify. Simple to close.
LTV: Up to 70%
Loan Amounts $25,000 to $1,500,000
Loan Purpose • Purchase
• Refinance (rate/term & cash-out)
Fixed Period 3 & 5 year options
Minimum FICO 600 Middle Score
Pricing Rates starting as low as 6.99%
Term 30 year fully amortizing / 30 year loan
Prepayment Penalty Equal to the fixed period
The BRIC Advantage
• Simple loan documents
• No loan committees
• Common sense underwriting
• Permanent financing, NO balloons
• Quick Closings – 20-45 days!

Visit our website at http://www.thebric.net
Leave us an Inquiry and we will get right back to you!

 
 

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STATED COMMERCIAL LOANS

STATED COMMERCIAL LOANS

We are a Non Regional Funding Source for your clients “We have the ability to fund deals not located inside your local lending area.”

STATED INCOME COMMERCIAL FINANCING

BRIC LLC Lending Guidelines
With our objective strategy and common sense underwriting approach, we aim to help you capitalize on the growing opportunities in our small balance commercial niche. BRIC LLC’S flexible lending guidelines were created to provide you with the best possible solutions for your borrowers.

Simple to submit. Simple to qualify. Simple to close.
Loan Amounts $25,000 to $1,500,000
Loan Purpose • Purchase• Refinance (rate/term & cash-out)
Property Types • Class I: multifamily (5+ units) and mixed-use
• Class II: office, retail, warehouse, self-storage, automotive services
Debt Coverage Ratio Class I: 1.20 | Class II: 1.25
LTV Class I: 70% | Class II: 65%
Fixed Period 3 & 5 year options
Minimum FICO 600 Middle Score
Pricing Rates starting as low as 6.99%
Term 30 year fully amortizing / 30 year loan
Prepayment Penalty Equal to the fixed period
The BRIC Advantage
• Simple loan documents
• No loan committees
• Common sense underwriting
• Permanent financing, NO balloons

Visit our website at http://www.thebric.com
Leave us an Inquiry and we will get right back to you!
(877) 354-1842

 
 

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If you can answer these questions we will finance you!

Initial Answers Needed Via Qualifying:
What is the type of asset, size and age of property? (i.e. multi-family, office, retail, etc.)
Where is the location of the property? (i.e. city & state)
What is the scope of the transaction? (What are you hoping to accomplish?) (please describe in 3-4 sentences)
When did you purchase the subject asset and what was the purchase price?
What are you trying to trying to accomplish through this refinance? If this is a cash-out refinance, describe how the funds will be used.
What amount of funding is being requested?
What kind of terms are you seeking? (i.e. length, structure, etc.)
What is your timing on this transaction?
What is your current Net Worth and Liquidity?
Are you injecting any new (cash) equity as part of this transaction?
Who is the issuer and what are the terms, payments, balance, and maturity date on your current loan(s)?
Is there a balloon payment due? If so, what is the date?
Is there a pre-payment penalty still in effect?
Is the land involved with this subject transaction owned or leased? If owned, what is the appraised value/date of appraisal and can appraisal be supplied?

 
 

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STATED COMMERCIAL LOANS

STATED COMMERCIAL LOANS

STATED INCOME COMMERCIAL FINANCING

BRIC LLC Lending Guidelines
With our objective strategy and common sense underwriting approach, we aim to help you capitalize on the growing opportunities in our small balance commercial niche. BRIC LLC’S flexible lending guidelines were created to provide you with the best possible solutions for your borrowers.

Simple to submit. Simple to qualify. Simple to close.
Loan Amounts $25,000 to $1,500,000
Loan Purpose • Purchase• Refinance (rate/term & cash-out)
Property Types • Class I: multifamily (5+ units) and mixed-use
• Class II: office, retail, warehouse, self-storage, automotive services
Debt Coverage Ratio Class I: 1.20 | Class II: 1.25
LTV Class I: 70% | Class II: 65%
Fixed Period 3 & 5 year options
Minimum FICO 600 Middle Score
Pricing Rates starting as low as 6.99%
Term 30 year fully amortizing / 30 year loan
Prepayment Penalty Equal to the fixed period
The BRIC Advantage
• Simple loan documents
• No loan committees
• Common sense underwriting
• Permanent financing, NO balloons

Visit our website at http://www.thebric.com
Leave us an Inquiry and we will get right back to you!
(877) 354-1842

 
 

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BRIC LLC STATED COMMERIAL FINANCING

Stated Multifamily Financing
Simple Overview

Fast, efficient mortgage loan process
Purchasing transactions
Refinance – with or without cash-out
Mortgage amounts from $25,000 to $1,500,000 – higher or lower amounts available on a case-by-case basis
Secondary financing may be accepted on purchase transactions
Layered risk-based pricing to assure you most reasonable rates
Fixed and adjustable rates available
A number of prepayment alternatives help keep you in command
Assumable
Personalized customer service from beginning to end

Please take a few moments to stop by our website (www.thebric.com) and drop us a message or call and a small business loan specialist will contact you to discuss how we can help.

 

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