Transcript Velocity-Powerpoint-New - Commercial Capital Marketing Group

Velocity Commercial Capital was formed in 2004 as a specialty finance company
focused exclusively on nationwide real estate lending through our network of
mortgage brokers. Our company is proud to help business owners and investors
across America realize their goal of owning investment real estate. Since our
founding, we have made over $500 million in portfolio loans nationwide.
Chris Wanner
818-338-9531
[email protected]
What we do…since 2004
STATED INCOME LOANS!!!
Investment SFR, Condo & 2-4 units
Multi-family, Mixed-Use, Warehouse,
Office, Retail, Self-Storage and
Auto Repair
30 Year fully amortized loans
no balloons
Loan amount from
$100K up to $5 million
Flexible Guidelines
650 minimum credit score
Rebate Pricing Available
W-2 or self-employed
LTV’s up to 75%
Nationwide Lender
Chris Wanner
818-338-9531
[email protected]
Typical Conditions
**All I need upfront to issue a pre-approval is a 1003 and tri-merge credit report**
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1003
Credit Report
Title Report
Insurance
Signed Pre-Approval (loan amount, rate, term, etc.)
Credit Authorization
Rent Roll (if applicable)
Leases (if applicable)
Operating Statements (if applicable)
Appraisal Order (streetlinks if 1-4 unit investment, GFD if typical commercial)
Mortgage payment history for REO (if not on credit, then VOM or 12 months cancelled checks)
VOR or 12 months cancelled checks if renting for their primary residence
CPA Letter or 2 yrs business license if self employed
SS Card and Driver’s License
Mortgage payoff demand for subject property
Agreement of Sale if purchase
3 months sourced and seasoned funds if purchase
3 months PITI if vacant
LLC or Corp Docs if closing in one
Chris Wanner
818-338-9531
[email protected]
Recent Fundings
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Office (2 Units) North Carolina Loan Size: $649,970
Broker Fee: $13,000
Mixed Use (10 Units) California Loan Size: $1,500,000 Broker Fee: $15,000
Multifamily (8 Units) New York Loan Size: $800,000
Broker Fee: $24,000
Warehouse (1 Unit) Virginia Loan Size: $700,000
Broker Fee: $14,000
Investor 1-4 (3 Units) Rhode Island Loan Size: $499,000 Broker Fee: $9,980
Investor 1-4 (4 units) Nevada Loan Size: $123,500
Broker Fee: $3,087.50
Retail New Jersey Loan Size: $1,105,000
Broker Fee: $28,750
Investor 1-4 (1 Unit) New York Loan Size: $1,000,000 Broker Fee: $25,000
Chris Wanner
818-338-9531
[email protected]
Thank you!
• Questions?
• Chris Wanner
• 818-338-9531
• [email protected]