InvestorFlexible terms & qualifying standards
Our Investor Program
Commerce’s Investor program was designed for borrowers looking to invest in property not intended to be their primary residence. i.e. business purposes.
This program offers potential borrowers rates closer to prime than traditional hard money. It also allows for unique qualifying options such as using the subject property’s’ rental income cash flow (Debt Service Coverage Ratio), or at lower loan-to-value (LTV) ratios. No income qualifying is required what-so-ever!
- Loan-to-value (LTV) ratios up to 80% for Purchase and Cash out to 65% (DSCR> 100%)
- Maximum borrower financed properties: 20 (CHM Maximum 10)
- Interest-only financing available
- Assets seasoning: 30 days (no gifts)
- Vest in LLC
- Foreclosure/short sale/deed-in-lieu seasoning: 36 Months
- Bankruptcy seasoning: 24 months
- Low Lender Fee of 995.00
- Loan Amounts to 2 Million
- Fast Closings (Treated as Business Purpose Loan)
- No Ratio down to 700 Fico Purchase Or Cash-Out
Investor Borrowers who either do not wish to provide personal income documentation, or are unable to qualify using traditional debt-to-income (DTI) qualifying.