Satori Signature Loan Program

February 27th, 2008 by admin

Due to the market conditions, this loan is no longer offered. If you have any questions about guidelines, please contact us. Thank You

Debt-to-income (DTI) underwriting approach

The Satori Signature Loan Program (SSLP) pioneered the debt-to-income (DTI) approach for small-balance commercial loans with the flexibility to factor in the borrower’s personal financial strength, as opposed to just the property’s cash-flow, when evaluating the ability to repay the loan. Unlike traditional bank commercial loans we have no minimum debt-service requirements. As a result SSLP also offers many innovative features and benefits you’re not likely to find elsewhere. More answers

Stated Income/Stated Asset

This means full document paperwork isn’t required – and you enjoy greater flexibility and faster turnaround times.

No tax returns required
No income verification
Unrestricted cash-out
Loan amounts under $1 million
Secured on commercial properties like multifamily, mixed use, warehouse, office, retail, light industrial, automotive, special use, and more
Several affordable payment options
Automatic payment options – no more writing checks
Fixed or adjustable rates
15 to 30-year amortization
Loans to corporations, partnerships, and trusts ok

Bridge Loans

This program obviously does not refer to financing bridges. Rather, SSLP has programs that are more ‘temporary’. Specifically for situations where the sale of a current property doesn’t coincide with the purchase of a new property.
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Corporations/Trusts/Legal Entities

SSLP has programs which allow you to close in your corporation’s name. Some of these programs are recourse loans which require a personal guarantee. Some are non-recourse with no personal guarantor
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Seller Held 2nds

Some SSLPs allow for the seller to carry back a percentage of the purchase price. For example, we would do what we call an 80/10/10. 10% down payment, 10% seller held 2nd, and 80% SSLP.
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Hard Money

Hard money loans generally give more consideration to the value of the property/collateral rather than to credit history. Loan to Values (LTVs) are usually less than 65 percent and credit scores, if required, are less than 500. We specialize in unique, hard-to-find loans. Hard Money lenders are sometimes referred to as Private, Equity or Portfolio lenders.
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