SPECIAL LOAN

For Properties within Zoning Variance

 

 

     

     

                    

                      

Loan Amount: Loan to Value: Term : Rate:

$500,000 minimum 70% (LTV) 25/5 Prime Rate + two percent

 

Additional information required.

 

You should contact Department of Building and Safety in your area and request a copy of certificate of occupancy and "rebuilt letter"

 

Most of residential properties or apartment units that are situated on M1 zoning (industrial) or C1 zoning (commercial) land don't qualify under conventional loan program.

 

If you are selling or buying property that falls under this category, contact us so we may be able to assist you.  Common sense underwriting and fast response.

 

Required information

 

• 1003 Application
•  Appraisal
•  Title Report
•  Escrow Instruction
• Purchase Contract
• Credit Report
• Rent Roll
• Financial Statement
• Property Tax Bill
• Bank Statements

 

Rates and fees are subject to change without prior notice.

Credit is subject to approval.

Some restrictions may apply.