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Lite Doc Commercial Loan
At Elite Lending Partners our Lite doc commercial loans look at a combination of supporting income documents without the need to provide full financials to verify serviceability for a proposed mortgage. What is a commercial lite doc loan? Commercial lite doc loans are loans with less supporting financial income documents than normal full doc loans.
What We Provide
Minimal Docs Required
Our Lite doc commercial loans look at a combination of supporting income documents without the need to provide full financials to verify serviceability for a proposed mortgage. What is a commercial lite doc loan? Commercial lite doc loans are loans with less supporting financial income documents than normal full doc loans
Terms
- Loan amounts $100K to $50 million
- Terms from 5/7/10/15 or 30 years
- Amortizations up to 30 years
- Unrestricted cash outs
Property Types
- Multi Family 5+ Units
Auto Services
Day Care Center
Funeral Home
Investment Condo - Light Industrial
And Much More !!
Documents Required
- 3 Color Photos or Old Appraisal
- Personal Financial Statement
- 2021, 2022 & YTD Profit and Loss
- Operating Agreement/By-Laws
- Rent Roll (if applicable)
- Purchase Sales Agreement (if purchase)
- Hud-1 (if purchased in the last 3 years)
- Resume / Background
- List of Improvements Made / Required
Easy Application
- No tax returns required
- Can’t prove your income
- 25 to 30% down will get you the financing
- 30 year fully amortized loan (fixed for 3 or 8 years)
- Need 650 credit score
- Have the property in your hands in 30 days
- We are a nationwide direct lenders
We're Here for You
Elite Lending Partners provide a wide range of solutions for commercial real estate transactions. If you need fast, efficient, and affordable financing for your next property transaction, contact our offices. Learn more about our no doc/stated income loans for commercial real estate today.
Join Us on Your Investment Journey
At Elite Lending Partners, we are committed to helping you achieve your real estate investment goals. Whether you’re a seasoned investor or just starting out, our team of experts offers tailored financing solutions with competitive rates and flexible terms. Let us be your trusted partner on the path to financial success, providing the guidance and support you need every step of the way.
