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NO-DOC COMMERCIAL LOANS
NO-DOC Commercial Real Estate Loans with Stratton Equities
At Stratton Equities we provide a diverse array of loans to satiate all types of properties, specifically Commercial properties. When a borrower comes to us for a Commercial loan, we tailor a private money loan that works best for the type of property and the situation that the property is in.
Here are the types of Loans we have for Commercial Properties:
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Term Loan - Long-term Financing - 5/1 ARM, 30-Year Fixed
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Bridge Loan - Short-term financing - 12-24 months
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Purchase
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Rate & Term
The above private money loans are the perfect solution for real estate investors looking to purchase or refinance office buildings, retail property, mixed-use, industrial, warehouse, and multifamily housing including apartment complexes.
What is a NO-DOC Commercial Mortgage Loan?
A no-documentation (NO-DOC) commercial real estate loan is a type of private money loan program that requires no income verification from the prospective investor. Instead, these commercial mortgage programs are based on the borrower’s credit history, investing experience, and liquid assets, which are then processed through underwriting.
NO-DOC Mortgage Loans for Real Estate Investors are available Nationwide with Stratton Equities.
As a real estate entrepreneur, there are many different types of mortgages and private money loan programs to utilize. It is important to be aware of which loan product is beneficial to your investment property’s needs the most. This is why it’s important to work with an experienced private money lender that offers an array of programs including NO-DOC Commercial Loans.
NO-DOC Commercial Loans benefit investors who are looking for a fast and streamlined process regarding their real estate goals. This is especially beneficial for potential investors who cannot go to a bank or traditional financing due to not having a regular source of income, are self-employed, or because their incomes aren't easily verified.
These types of private money loan programs are risky, however, they are largely unregulated, and private lenders require higher down payments than traditional mortgages.
Discover more in our latest blog: The Benefits of NO-DOC Loans for Real Estate Investors.
NO-DOC Commercial Real Estate Loan Summary
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Investment Properties Only: Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
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Rates Starting at 8.49%
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$200K – $5M
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Up to 80% LTV
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Fixed Rates/Adjustable
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5/1 ARM, 30-Year Fixed
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Interest Only Option Available
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Foreign Nationals Eligible
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No Prepayment Penalty Option Available
Who can apply for a NO-DOC Commercial Loan?
NO-DOC Commercial Loans are loans that a borrower can acquire without the need for income-verification from a lender. In consequence, a NO-DOC Commercial Loan is much easier to acquire as it requires less documentation overall and can be approved at a comparatively faster rate. Typically, a lender asks for a bank statement to verify income rather than a W-2 form, tax returns, or a pay stub.
This is to ensure stability for the lender as well as accessibility for the borrower. A NO-DOC Commercial Loan can also be referred to as a NO-DOC Commercial Real Estate Loan or a NO-DOC Commercial Property Loan. Either way, a NO-DOC Commercial Loan is a mortgage for real estate investors that applies only to commercial properties, and it can be utilized by a private money lender. Commercial real estate can be differentiated from residential real estate which is primarily intended for non-profiting, personal living.
In a similar vein to NO-DOC Commercial Loans are Stated Income Loans, which also require very little documentation for approval. Stated Income Loans are mortgage loans in which a borrower can verify their income by merely stating it as their word. No W-2 forms, pay stubs, tax returns, or even a bank statement are necessary for a Stated Income Loan to get approved. Bank statements are documents that officially summarize all the financial transactions that occurred within a period for an individual or business. In other words, they showcase your spending habits and history as well as your income stream.
Even though a NO-DOC Commercial Loan does not require much from the borrower in terms of getting approved, it is important to be aware of what lenders require. Typically, lenders require basic information about your property and what you plan on doing with it such as property type, location, current appraisal value, expected future appraisal value, reconstruction/rehab costs, timeline, and loan amount. Property types are a classification of real estate that clarifies what a property might be used for. Loan amounts refer to the total current amount of money owed to the lender at any given point in time.
Lenders also require your level of risk and commitment to ensure that their funds do not go to waste and that you can be trusted. For the most part, these are basic principles that can be applied to any lender's agreement, but for private lenders, they are crucial to understanding who you are and what you plan on doing with your money. And this is especially true for NO-DOC Commercial Loans given how little they are asking borrowers in terms of proving their veritability.
How can you Apply for a Non Documentation Commercial Loan?
At Stratton Equities, we offer a variety of non-documentation commercial loans that can apply to various commercial investment properties. In terms of NO-DOC Commercial Loans, we service only investment properties and the property types in which we specialize in are office buildings, retail property, mixed-use, industrial, warehouse, and multifamily housing including apartment complexes. Our interest rates start at 8.49% and we can supply an LTV of up to 80%. We also offer short-term and long-term commercial loans in the form of Bridge Loans or Term Loans respectively so you are not restricted in terms of how long your finances can last.
Here at Stratton Equities, we strive to make sure that everyone can get the financial aid that they need to fuel their investment enterprise. We want to ensure our customers' satisfaction by providing them with the utmost care and responsibility for their investments and future endeavors. Whether it be a NO-DOC Commercial Loan or any other loan option, we serve to protect our client's rights as investors and entrepreneurs.