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CALL TODAY:
(813) 928-9610

FLORIDA
SINCE 1995
DIRECT LENDING

This is not a commitment to lend.  Not all borrowers will qualify for the loan programs listed.  All program terms and conditions are subject to change and may be discontinued without prior notice.  Contact loan originator for program questions and scenarios.  

At a Glance

Minimum Down Payment

20% - 30%

 

Minimum Down Payment to avoid PMI

N/A

 

PMI (Private Mortgage Insurance)

None

 

Minimum mid-credit score

No Minimum Credit Score Requirement*

* Application is given a comprehensive credit and background evaluation

 

Min/ Max Loan Amount

$100,000 - $15MM

 

Loan Repayment Terms

30 years

Amortization

5/1 ARM /  10/1 ARM 

Prepayment Penalties

None


Recent Housing Events

        Accepted on a case-by-case basis.            (See Loan Originator for details) 

Max Seller Contributions

4% for Owner-Occupied or Second Homes

2% for Investment Homes


Escrows

No escrow requirement for Property Taxes and Home Insurance required*

* unless the home is located in a FEMA-designated flood zone.
 

Acceptable Property Types

Single Family, Townhome/ Villa/ Condominium/ Condotel or Non-Warrantable Condominium, Barndominium, Homes on large-acreage, etc.

 

Occupancy

Owner Occupied /  Second Home/ Investment

 

GET PRE-APPROVED TODAY

3 easy steps.  No cost/obligation

SELF-EMPLOYED IN THE CANNABIS INDUSTRY?  

WE HAVE MORE REASONS TO SAY YES.

CANNABIS

HOME LOANS  

Home Loans for Self-Employed  Business Owners in the Cannabis Industry  


Our Cannabis Home Loan Program is designed around the needs of self-employed home buyers in the Cannabis Industry. Business owners in the US Cannabis industry are at a unique disadvantage due to the Schedule 1 nature of Cannabis, making traditional banking services--including traditional mortgages--all-but impossible to obtain.  

 

Our Cannabis Home Loan Program solves this problem, and provides the Cannabis business owner with reliable financing with competitive terms

 


NO GIMMICKS, JUST GREAT FINANCING.  

Here are some of the program features and benefits:

  • Florida Residential Properties Only - we are a Florida-based lender, specializing in Florida Residential Real Estate.

  • No Credit Score Minimums - We do not use the application for qualification or pricing purposes.*  

* Instead of the traditional credit score model for most bank programs, we perform our own comprehensive review of the applicant's complete credit profile and background.

  • No Escrow Account Requirements*

* Escrow accounts not required, unless the home being financed is located in a     FEMA-designated Flood Zone.

  • Minimum Down Payment - 20% (may be higher, depending on the strength of the applicant and the total amount of financing.)

  • Loan Sizes - from $100,000 - $15 Million (we may lend even higher, on a case-by-case basis)

  • Close in the name of a Inter-Vivos Trust or LLC (nominal review fee applies, currently $500, see your Loan Originator for details)

  • Flexible Income Calculation - Although we use Tax Returns for income, our income calculation methodology is not the same as a traditional bank loan, and we use a multi-tiered approach that allows us to combine multiple income streams, including Asset Depletion.
  • Asset Depletion - This program offers one of the most aggressive Asset-Depletion models in the marketplace.  Asset depletion is a way for a lender to use the applicant's liquid assets (checking/ Savings/ Money Market/ IRA/ 401(k)/ Stock Accounts, etc.) as income for qualification purposes.  ► More info about Asset Depletion
  • No Prepayment Penalties
  • Acceptable Property Types:
    • Single Family Homes
    • Townhomes/ Villas
    • Condominiums
    • Condotels
    • Multi-Family
    • Barndominiums / Equine Properties / Other Specialty properties
    • Homes on Large Acreage Lots (Note: we do not lend on raw land)

If you're a successful business owner in the Cannabis Industry, it certainly wasn't because you're accustomed to taking "NO" for answer;  so stop letting these banks and credit unions tell you NO, when we have more reasons to say YES.

 

Call us today at (813) 928-9610 for more information or apply today.

GET PRE-APPROVED TODAY

3 easy steps.  No cost/obligation

MESSAGE US

CLICK TO CALL

(813) 928-9610

HAVE A QUESTION?

W2

WAGE EARNERS

Are you a W2 wage-earning employee in the Cannabis industry? (non-owner of the business)

We offer traditional Conventional financing with a down payment as low as 3%.

Visit our Conventional Loan Resource Page  ►

 

Current Interest Rates

Effective 09/07/2021*

* Interest rates are subject to change without prior notice.  Interest rate is locked at time of initial underwriting approval and is subject to market rates on the day of approval.


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