Business Credit Corp

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Our Commercial Mortgage products permit Corporations, LLC's, and Trusts to borrow mortgage money. All of our Mortgage Products require a guarantee of repayment by a "primary person". The credit score of the "primary person" helps to determine both the interest rate and the maximum loan amount. I. "A" CREDIT NINA COMMERCIAL MORTGAGES Program Description, Plan #10 No Personal Income Verification & No Asset Verification Commercial Mortgage Loans LENDING PHILOSOPHY - GENERAL GUIDELINES 1. This is a Commercial Mortgage Loan for borrowers who do not want to provide documentation about their personal income and their personal assets. 2. Equity and Credit Score are the two most important criteria for determining the maximum mortgage amount. 3. Many Property Types qualify for this mortgage program. 4. Additional program features include: a. Maximum mortgage amounts up to $1,000,000. (Tiers 1 and 2). Maximum mortgage amounts $1,000,000 (Tiers 3 and 4) Maximum mortgage amount $800,000 with exception limits up to $1,000,000. "Tier" is determined by property type. b. Seller second mortgages permitted, (other subordinate financing permitted), up to a combined-loan-to-value of 90%. c. Investors and Non-owner Occupied - Okay Business Owners - Okay d. No employment seasoning. - Okay e. Loans in name of Corporation, Limited Liability Companies, or Trusts - Okay. *f. Gifts of Equity* - Okay. g. CASH OUT REFINANCES with NO SEASONING - Okay!! h. SELLER CAN PAY CLOSING COSTS UP TO 8%. (6% outside New York) i. Foreign Investors with No Credit History – Okay. Maximum Loan-to-Value is 55%. j. Prior Bank Rejects considered – Submit 1003 Application documents & appraisal. k. Assets may trade off for no credit – Exception basis. Questions - CONTACT US II. “SUBPRIME” NINA COMMERCIAL MORTGAGES Program Description, Plan #20 No Personal Income Verification & No Asset Verification Commercial Mortgage Loans LENDING PHILOSOPHY - GENERAL GUIDELINES 1. This is a Commercial Mortgage Loan for borrowers whose middle credit scores are lower than 680 (no lower than 575) and who do not want to provide documentation verifying their personal income and personal assets. 2. Equity and Credit Score are the two most important criteria for determining the maximum loan amount. 3. Many Property Types qualify for this mortgage program. 4. Additional program features include:** a. Maximum mortgage amounts up to $1,000,000. (Tiers 1 and 2) Maximum mortgage amounts $1,000,000 (Tiers 3 and 4), Maximum mortgage amounts $800,000 with exception limits up to $1,000,000. "Tier" is determined by property type. b. Seller seconds permitted, (or subordinate financing permitted), up to a combined-loan-to-value of 90%. c. Investors and: Non-owner Occupied - Okay Business Owners - Okay d. No employment seasoning. - Okay e. Loans in name of Corporation, Limited Liability Companies, or Trusts - Okay. *f. Gifts of Equity* - Okay. g. CASH OUT REFINANCES with NO SEASONING - Okay!! h. SELLER CAN PAY CLOSING COSTS UP TO 8% (6% Outside New York). i. Foreign Investors with no credit history – Okay. Maximum Loan-to-Value is 55% j. Prior Bank Rejects considered. Submit 1003 application documents & appraisal. k. Assets may trade off for no credit, exception basis. Questions** - CONTACT US