Headquartered in Braintree, MA, Equity One SBC is one of the only direct lenders in the country currently able to offer Stated Documentation, LTV up to 75% and we are actively funding deals.
Below is a summary of our 3 in-house commercial programs, stated, full doc and bridge, along with product & property types, for more information visit our website at www.equityonesbc.com.
Product Type
Purchase, Refinance and Refinance with Cash Out
Stated Doc
- $50K to $3 Million (soon to increase to $ 5 Mil)
- Fixed 2, 3, 5, 7 & 10 year terms
- 25 year amortization
- 650 min FICO score (as low as 600 on deals under $500K)
- LTV up to 75%
- Funding 1 to 4 unit properties as well, must be non-owner occ, owned by a Corp/LLC, under $500K and up to 65% LTV
Full Doc
- $500K to 10 Million
- fixed 3, 5, 7 & 10 year terms with rates starting from 4.4% to 5.4%
- 30 yr amortization on multi-family, 25 yr on commercial
- 680 min FICO score
- LTV on multi-family 80%, commercial 75%
Bridge
-interest only option
- up to 65%LTV
- case by case basis
Property Types - Income Producing Commercial Properties, Owner or Non-owner Occupied
Multifamily - Apartment Buildings
Office Buildings
Mixed Use
Retail
Strip Centers
Mobile Home Parks
Garage & Auto Repair
Light Industrial/Warehouse
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