The issue for a lot of borrowers in the past few years has not been the low rates, but actually accessing capital. At The Ross Fund, we work with private lending companies that offer less stringent lending requirements and typically better rates and terms than most hard money lenders.
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Our easiest product is the Nifty 50, 50% LTV, No doc, No fico. Almost No questions & its a 5 year fixed loan. No need to pay for hard money every few years.
Loan products expertise:
The Ross Fund focus is on small balance commercial loans offering options other than hard money or simply being turned down.
Property: Retail Purchase
LTV : 65%
TERM : 30 Year Fixed - Interest Rate : 10.25 % - 2 PTS
NO DOC Loan
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Property Type: Office Purchase
Documents required: 12 Month Owner Occ. Bank statements
LTV: 80%
TERM : 5 year ARM - Interest Rate 11.50 % - 2PTS
Property : Multi Family
LTV : 70%
Term : 5 year fixed - Rate : 9.375% - 2 PTS
Docs : DSCR , No tax return, No 4506 , Non - recourse
2nd Trust Deed Rate 10% (4 Points), 12 Month Term Interest Only
No Doc. Borrower was short funds to close
12 Month Bank statement only - FICO Score 667, recent BK. Rate 5.75% cost 2 points.
5 Year Term No PPP
2nd Trust Deed, Stated No Doc. Behind a Million Dollar First, Property was listed for sale. 10.50% & 4 Points on a 6 Month Prepayment.
3 Year Fixed Term
First Trust Deed, State No Doc. High rise (8 stories) - no warrantable condo. 8% & 2 Points on a 3 Year prepayment.
5 Year Fixed Term
Property : Restaurant / Bar
Purpose : Refi
LTV : 55% - Term - 30 Year fixed - 11%- 1.5 PTS
Purpose : NO doc purchase
Used Hawaii property to cross collateralize
We funded a 100% puchase price of $ 2,100,000
1 year term - 9.90% cost 2 points - NO PPP
Commercial Alt- Doc loans can be funded more quickly than conventional bank loans. This is because the underwriting process is less stringent, and the loan can be approved and funded in a matter of days rather than weeks or months. money or simply being turned down.
Unique properties that don’t fit traditional bank guidelines. No income today causes DTI issues, or damaged property you are about to fix. We can lend you on the value plus improvements
We can custom fit your loan and timing needs. We can offer short terms as 6 months to 3 years. This can be advantageous for businesses that need to finance a property for a short period.
Let's save each other some time, here ae the types of property we will not lend on:
Have a question about your mortgage loan, please provide us with your contact information to get back to you.
