Go Bigger with NONI58

for 5-8 Unit Investment Residential Properties and 2-8 Unit Mixed-Use Investment Properties

NONI58 Matrix NONI58+ Matrix

5-8 Unit Highlights

Loan amounts up to $2MM
700 minimum FICO
LTV’s up to max 75%
Cash in hand up to $1MM
As low as 36 months seasoning on BK/FC/SS/DIL
Qualify off ITIA payment when I/O is selected
No tradeline requirements for Borrowers with all 3 credit scores reporting on credit
As low as 3 months reserves
Only 30 day asset verification required.
Gift funds allowed
0 x 30 x 12 Housing History

NONI58+ Highlights (for 5-8 Units)

Improved Pricing
Loan Amount up to $2MM
680 minimum FICO
Minimum Loan Amount of $350K
Max 75% LTV on Purchase and R/T
Max 70% LTV on Cashout
Appraised Value used if property was acquired > 6 months from application date
Min DSCR 1.25
0x30x24 housing /mortgage history
84 month credit event seasoning required
Designed for residential properties only – No mixed use
No vacation/ short term rentals allowed
No rural properties
2 acres maximum

2-8 Unit Mixed-Use Highlights

Loan amount up to $2MM
700 Minimum FICO
Purchases to 75% LTV
Minimum loan amount of $200k
2-8 units allowed
Experienced investors only
Cash-out to 70%
Cash in hand to $1.0M
General Purpose Commercial or Narrative appraisal required
Borrower can be the business occupant