$3 Million Alt-Doc Refinance on a 2nd Home

The key factor with this loan was that the self-employed borrower was able to do a rate & term refinance in this high-rate market. We used a CPA letter with a 10% expense on the borrower’s interior design business to qualify them for a $3 million loan on their vacation home on the Florida Gulf Coast.

Loan Details:

  • Loan Program: Apex Prime - Alt-Doc Program
  • Loan Amount: $3,000,000
  • Transaction Type: R/T Refinance
  • Property Type: SFR
  • Occupancy: 2nd home
  • Loan Term: 30-year fixed