The key factor with this loan was that the self-employed borrower was able to do a rate & term refinance in this high-rate market. We used a CPA letter with a 10% expense on the borrower’s interior design business to qualify them for a $3 million loan on their vacation home on the Florida Gulf Coast.

Loan Details:
Loan Program: Apex Prime - Alt-Doc Program
Loan Amount: $3,000,0000
Transaction Type: R/T Refinance
Property Type: SFR
Occupancy: 2nd home
Loan Term: 30-year fixed