NMLS ID:1747872

 

 

 

© 2018  BEACON POINT MORTGAGE SOLUTIONS, LLC 

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Terms of Use 

LOAN PROGRAMS & RATES expressed are representative of some product offerings but are subject to CHANGE at anytime.

*Florida Second Home Specialist is not a state designation nor a Florida State endorsement.

“THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT.” 

Instead this service reflects the scope of our work and commitment to make it easy for out of state residents to finance a second residence in Florida.

 

Call us! 800-466-0664

Fast Track Closing Program

FICO

Our premier alternative to bank financing for commercial loans.

Amortization:

Loan Amounts:

Max LTV:

Interest Rates:

Amortization

$100K – $500K

Flat 9.5%

Max 70%

15, 20, 25, 30

FICO

Min 650

Property Type

Beacon Point  1

Multifamily, Mixed-Use, Office, Retail

Loan Purpose

Beacon Point  2

Purchase, rate/term refinance, cash-out refinance

Loan to Value

Beacon Point  3

Max 70%

Repayment 

Beacon Point  4

5, 7, 10-year hybrid | 30-year amortization

Occupancy

Beacon Point  5

Investor and Owner-Occupied

Borrower

Beacon Point  6

Must be a limited Liability Company (LLC)

DCSR

Beacon Point  6

1.15

Program Restrictions:

Who is eligible?

A major factor that affects eligibility for the Fast Track Program is the state of the property’s title.  A clean title for the purposes of this program is one that has:

  • No judgments

  • No tax liens/redemptions

  • No Foreclosures

  • No bankruptcies

  • No pending vesting or probate issues

 

Dis-qualifiers?

A deal is likely to be ineligible for our program if it contains the following:

  • Liens/judgments on subject property

  • IRS or real estate back taxes

  • OFAC/background issues

  • Borrowing entity is a trust or corporation

  • Environmental concerns

  • Rural location

  • Confirmed deferred maintenance

  • Existing title issues

  • Substantial seller issues

These are just general eligibility rules – for more information regarding specific deal factors, be sure to consult with a Beacon Loan Officer.