Listed below is a partial list of properties that require commercial financing.

A:  Perfect candidates for a commercial loan are those self employed borrowers who need financing for an income-producing or commercial property, but are unable to qualify for traditional bank financing because they’re unable or unwilling to verify income through tax returns/ or assets. Here are clients you should consider:

• Clients with minimal credit history. [Open mortgage, rental or lease accounts]
• Business owners who want to take cash out of their property
• Entrepreneurs and self-employed people who want to purchase a site for their business
• Real estate investors who wish to put as little as 15% down (WSFC allows CLTV’s up to 85%)

Q: What is the target “borrower’s profile?”

A:  Once common denominator among all our borrowers is that they have a large amount of real estate equity and an immediate need for short-term capital. They cannot or will not go through the strenuous and time-consuming underwriting process required by conventional lenders.

Q: What type of income verification do you require?

A: Unlike bank and other conventional lenders that verify the borrower’s personal income through tax returns, we can pre-approve you clients with limited income documentation that simply suggest the borrower’s cash-flows from the business and the subject property. The only income verification required is on the property being financed. We require rent rolls and leases on properties certified by the borrower. Our easy process allows your self-employed clients who cannot verify all of their income to qualify for financing through WSF.