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Recently Funded Standalone 2nd Business Bank Statement Loan

Written by Jon Maddux | Aug 15, 2023 10:51:31 PM

This borrower was able to qualify using business bank statements from their lucrative medical practice to take advantage of their equity on an owner occupied home valued at over $12M. Though the borrower had a low-rate conventional 1st position lien, the FundLoans Non-QM 2nd Position Lien allowed them to access additional cash without touching the low rate.