When should you choose an alternative Financing solution for your commercial deals?
If traditional banks say no, or your client lacks full documentation, alternative solutions are the way to go. They’re also perfect for cash-out flexibility or handling unique financial situations that don’t fit the bank’s mold.
- Borrowers turned down by banks
- No tax returns required
- Flexible cash-out options
Type of Loan
Choose Loan
Find the perfect loan for your needs, from purchasing to refinancing or cash-out options. Tailored solutions to help you achieve your goals.
#1
Full Doc Program
Lock in the lowest rate possible for your best credit-worthy clients.
Key Borrower Scenarios:
- Strong credit history: Borrowers with robust credit profiles.
- Full documentation available: Borrowers can provide tax returns, pay stubs, or W-2 forms.
- Flexibility: Ideal for borrowers seeking more flexible solutions than traditional banks.
#2
Lite Doc Investor Program
Skip the tax returns for borrowers who need more flexibility on investor deals.
Key Borrower Scenarios:
#3
No Doc Streamline Program
Borrowers can qualify for financing without submitting tax returns, bank statements, or operating statements.
Key Borrower Scenarios:
- Lower reported income: Borrower reports lower income for tax reasons.
- Inconsistent growth: Borrower struggles to show consistent growth through tax returns.
- Flexibility needed: Borrower requires more flexibility than a bank can provide.
No Doc Streamline Program Overview:
- Loan size: $100,000 to $2,000,000
- Purpose: Purchase, Refinance, Cash-Outs
- Loan term: 5-Year ARM, 30-Year Fixed
Loan-to-Value (LTV):
- Purchase: Up to 75%
- Refinance: Up to 70%
- Minimum FICO score: 700
- Amortization: Up to 30 years
#4
Bank Statement Program
Designed for self-employed borrowers, this solution lets your clients secure financing with just 12 months of business bank statements.
Key Borrower Scenarios:
- Self-employed: Borrower is self-employed.
- No traditional documentation: Borrower can’t provide tax returns, paystubs, or W-2 forms.
- Flexibility needed: Borrower requires more flexibility than traditional banks can provide.
Bank Statement Program Overview:
- Loan size: Up to $2,000,000
- Purpose: Purchase, Refinance, Cash-Outs
- Loan term: 5-Year ARM, 30-Year Fixed
- Loan-to-Value (LTV): Up to 80%
- Minimum FICO score: 650
- Amortization: Up to 30 years
Why Choose Boro Mortgage?
Boro Mortgage is run by Adam Petriella a born and raised Bronx native. He is driven to help Bronx investment real estate owners access capital. For him it’s personal and a drive that developed out of a family tragedy . Through his long career Adam has arranged debt, discreet equity raises , sales and debt renegotiation for commercial and multi-family assets. Because of his longevity and location to relationship lenders, he has the contacts and experience to represent the interests of his clients.