• Qualify based on cash flow of the subject property at I/O payment calculation
• Seasoned ownership/management experience not required if DSCR = 1.15
• No vacancy factor or DTI calculated, DSCR = 1.0*
• No income | No employment verification | No tax returns | No 4506T
• Business funds allowed for down payment, closing costs, & reserves for
  self-employed borrowers
• Loan amounts up to $2.5MM | Cash out up to $2MM
• Short-term rental properties and gift funds allowed
• Up to 25% variance allowed between Lease Agreement & 1007**
• Only 1 appraisal required when loan amount is ≤ $1.5MM (LTV ≤ 75%)
• Vest in an LLC
• Up to 80% LTV
• Borrower can own unlimited financed properties
• Seasoned ownership/management experience not required if DSCR = 1.25
• Multiple term options:
  • ARM***: 5/1, 7/1, 10/1
  • Fixed: 15, 30

A borrower with a 25% or greater ownership interest in a business is considered self-employed.
All states (including DC) are eligible except DE, ME, MA, WY.
*DSCR = 1.15 for Premier
**Up to 10% without proof or 25% with most recent 3 month rent receipt verification
***Interest only option available on all ARMs. No I/O in Illinois.