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

Amortization:

Reduced Documentation Program

No tax returns required on investor or owner-occupied transactions.

Loan Amounts:

Max LTV:

Interest Rates:

Amortization

Up to $2.5 MM

7-9%

Max 80%

Up to 30 years

Min 650

FICO

LITE DOC INVESTOR

 

Best for investors who may not be able to disclose certain financial information or whose properties are more valuable than a tax return might show.

STATED OWNER

OCCUPIED

 

Best for owner-occupied transactions where the business owner has difficulty documenting their income for traditional lenders.

 

BANK STATEMENT

 

Best for business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.

Property Type

Beacon Point  1

Multifamily, Mixed-Use, Office, Retail, Light Industrial, Warehouse, Office, Self-Storage, Mobile Home Park,
Daycare Center, Restaurant, Bar

Loan Purpose

Beacon Point  2

Purchase, Refinance, Cash-Out Refinance

Loan to Value

Beacon Point  3

Max 80%

Prepayment 

Beacon Point  4

5% for 5 years, 5% for 3 years, Declining (5,4,3,2,1)

Occupancy

Beacon Point  5

Investor and Owner-Occupied

Borrower

Beacon Point  6

U.S. Citizens, Permanent Resident Aliens, Legal Entities

DCSR

Beacon Point  6

TBD

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

 

 

Guarantor(s)

For Stated Owner-Occupied Program: Guarantor(s) are not required to provide personal or business tax returns to qualify for this program. Guarantor(s) may be eligible for a different loan program with more favorable terms if verifiable documentation such as personal and/or business tax returns are provided.

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

  • 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.