Non Prime Lending Loans

Non-Prime O/O Consumer Purpose

For the owner-occupied borrowers with less than perfect credit, challenges with proof of income or just need to close quickly. Athas Capital Group offers consumers the ease of finance with lower than expected rates compared to hard money products. This program varies between traditional income documentation to alternative forms of proof of income documentation. Athas Capital Group even finances borrowers with fico scores as low as 300! Our maximum DTI is as high as 55% with LTV’s as high as 80%. We offer a creative solution for hard to finance owner occupied homes.

  • Alternative Doc: VOE only, 1099 only, P&L only (no bank statements) & 1-month personal bank statement
  • Traditional Alt Doc: 12 and 24 months personal or business bank statements
  • Traditional Full Doc: W2’s & Paystub, 1040’s
  • $50,000 –  $7,000,000
  • Lending to Individuals and Trusts
  • 5/25, 7/23 arms and 30 year fixed
  • DTI’s up to 55%
  • LTV’s up to 95%
  • Rates as low as 4.75%
  • 100% Gift Funds – OK
  • Gift of equity-OK
  • Foreign Nationals with US Credit – OK
  • Foreclosure Bailout – OK
  • Non-Warrantable Condo – OK
  • Condotels – OK
  • Lease Option Buyout using current appraised value – OK
  • Rural Properties – OK
  • Green Card Holder – OK
  • No FICO – OK
  • Sub 500 FICO – OK
  • Foreclosure bailout – OK
  • No liquid cash reserves needed up to 90% ltv

Non-Prime N/O/O Business Purpose

Borrowers looking to refinance N/O/O SFR, Condo and 2-4-unit properties can look for some of the best rates in the Non-QM industry with our Business Purpose Program. Long term (30 years) loans with NO balloon payments and Interest only options are available. You can count on many options for prepayment privileges and impounding for your property taxes/insurance.

  • No Income Proof Needed
  • All Loans are N.I.V. (No Income Verified)
  • LTV up to 80%
  • No DTI Ratios
  • No DSCR calculated on residential collateral
  • Rates as low as 5.99%
  • Up to a 2 Point Rebate
  • Loan Amounts from $50,000 – $5,000,000
  • Lending to LLC’s, S-Corp, Trust or Individuals.
  • Property Types Include: SFR, Condo, 2-4 Units
  • Interest Only Option Available
  • Foreign Nationals – OK
  • 100% Gift Funds – OK

Non-Prime Bridge

Every borrower deserves a loan and with our bridge loan product. Those borrowers looking to refinance N/O/O SFR, 2-4-unit properties, 5+ unit multi family, Mixed Use or Office & Retail have just that. We even finance properties in rural areas and those with minor to significant deferred maintenance. With an increased loan amounts and just about any credit profile Athas Capital Group is the home for your next bridge loan request. Our bridge products are usually used by Real Estate owners that only want to borrow money for a short period of time (up to 60 months), then want to exit out of our loan to obtain bank financing.

  • No Income Proof Needed
  • All Loans are N.I.V
  • No Income Stated on Application
  • No DTI Ratios
  • No DSCR calculated on residential properties
  • Rates as low as 6.99%
  • LTV up to 80%
  • Loan Amounts from $50,000 – $15,000,000
  • Lending to LLC’s, S-Corp, Trust or Individuals.
  • Property Types Include: SFR, Condo, Condotels, 2-4 Units, Multifamily, Mixed-Use, Office, Retail
  • Interest Only Option Available
  • Foreign Nationals – OK
  • 100% Gift Funds – OK
  • Properties with Deferred Maintenance
  • Rural Properties
  • Short Term and Long Term Bridge Options are Available
  • No source & seasoning of down payment options

Fix and Flip

Sometimes a great opportunity comes up in the market. Our Fix and Flip loan allows borrowers to purchase a distressed property or refinance an incomplete property without the need for draws and escrow accounts.

  • No Income Proof Needed
  • LTV’s up to 75%
  • 12-month term available case by case
  • No Prepayment Penalties
  • Loan amounts up to $2,000,000.
  • Flipper must show ability to complete rehab.
  • FICO’s down to 500 – OK

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