Recently Funded $1,350,000 Bank Statement Loan

With a diverse portfolio of successful businesses, including a mortgage brokerage, this borrower presented us with a unique challenge. Not only did we assist him in promptly settling an impending construction loan, but we also facilitated a substantial cash-out opportunity. To make this happen, we qualified him with bank statement accounts from two of his businesses. We made a special exception to qualify this rural property with bank statements, driven by the compensating factors of his low LTV and an impeccable FICO score.

Loan Details:

• Location: Donnelly, ID
• Loan Program: Apex Prime - Bank Statement Program
• Loan Amount: $1,350,000
• Transaction Type: Cash-Out Refinance
• Property Type: SFR
• Occupancy: Primary
• Loan Term: 30-Year Fixed