CREFCOA provides competitive commercial real estate loans for investor commercial properties through various programs without the requirement of personal or business tax returns. Borrowers are not required to sign a 4506-T (authorization to request tax returns from the IRS), and personal income and personal debt-to-income (DI ratio) are not verified/calculated.
While tax returns aren't required, the commercial property must be able to demonstrate the ability to service the debt (DSCR) at a specific loan amount and the sponsor(s) must meet minimum financial capacity and credit requirements.
Commercial loan programs not requiring personal or business tax returns are for investor properties only (multi-tenant non-owner user).
- No personal tax returns
- No business tax returns
- No 4506-T
- No personal debt-to-income analysis