Today, a good majority of originators know what a bank statement loan is and which lenders to use to place these files. However, what happens when the 12 or 24-month bank statement loan does not work?
Our 3-Month Bank Statement program is used as a fail-safe product for these clients. Though the commercial market has been in disarray over the past 18 months, we are now accepting files on subjects with mixed-use characteristics. Adult Care Facilities and Vacation Rental Properties have been hard to place, and we will now look at lending on these subjects.