$5M P&L Only Purchase

This borrower qualified for a purchase on a new luxury build with only a P&L on one of his finance businesses. Thanks to the many compensating factors, 1st Florida Lending granted a FICO exception to get this file through the door. Loan details: • Location: Delray Beach, FL - Primary Home • Loan Program: Apex – P&L Only Program • Loan Amount: $4,999,999 • Transaction Type: Purchase • Property Type: Single-Family Residence • LTV: 55% • Loan Term: 7/6m ARM ----------------------------------- One of our most powerful options is the Profit and Loss Mortgage Loan, built for business owners, contractors, freelancers, and gig workers whose incomes may fluctuate or appear lower on paper due to legitimate deductions that don’t reflect your true financial strength. So how does it work? Instead of relying on tax returns or bank statements for qualifying, your CPA provides a Profit and Loss Statement that shows the real profitability of your business highlighting your actual income, not just what is reported to the IRS. Underwriting focuses on what truly matters: a consistent and reliable income stream that demonstrates your ability to generate ongoing revenue to repay your monthly mortgage. P&L mortgage loans are ideal for: • Individuals who are self-employed or have variable income and take advantage of tax deductions that lower their reported income. • Small business owners, entrepreneurs, or those with income derived from business ownership • Freelancers or gig workers with irregular income patterns. Ultimately, underwriting wants to see a stream of income that repay your monthly mortgage payments. At 1st Florida Lending, we are known for fast, efficient closings that inspire confidence and trust with Borrowers, Sellers and Realtors alike. If you are interested in a Profit and Loss Loan up to 6 million dollars for purchases or refinancing all property types without Tax Returns, Bank Statements, W-2s or Pay Stubs. If you are interested in obtaining profit and loss loan up to 6 million for purchases, refinancing al property types that does not require the standard income documentation like tax returns, bank statements, W-2s or pay stubs. Then contact 1st Florida Lending today at 407-300-2558 or Click Here or the link below