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Light Docs

More Resources. More Possibilities.

Lendwire Light Doc Guidelines

Program Overview:
Loan Amounts:$100,000 to $5,000,000
Property Types:Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Restaurants, Funeral Homes, Beauty Shops, Motels/Hotels, Warehouse, Mobile Home Parks, Campgrounds, Churches, Self-Storage, Dry Cleaner (Drop off only), Recreational properties, Auto Repair, Marinas
LTV:Maximum LTV is 70%
Credit Scores:600 Minimum FICO Scores. Any scores below 600 require a reason to request an exception.
Closings:Three to Four Weeks
Rates:Fixed Rates ranging from 6.5% to 9.5%
Prepay:Declining 5%-4%-3%-2%-1% Prepay Penalty or 3%-2%-1% equal to fixed period

Required Documents:

- 1003 Commercial Loan Application
- Credit Report with Scores and Trade Lines
- Digital Pictures of the Property (if available)
- Rent Roll (if applicable)
- Income and Expense Statement on the Subject Property (if applicable)

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