Inventory
List of all income producing buildings currently held by the investor. If shown on the last tax returns leases for more recent acquisitions must be provided.

Loan to Value
The maximum mortgage is 85% of the as-completed value.

7 Unit Limitation:
No More than 7 units may be owned in a two block radius of the subject. This includes conventionally financed property as well as the HUD 203k mortgage.

This limitation may be waived if the property is in an urban renewal area; enterprise zone; or targeted area. The approval must come from the HUD regional office.

Ownership includes partial as well as full interest.

Repeat Business
Once the investor has established the first closing subsequent applications will be "Fast-Tracked". Only upgraded information will be required. For example: recent purchases or sales would need verifying documentation. These situations will be addressed by the loan originator at the time of the new application.

E-mail is welcome at mortgage@baygo.com

K Mortgage Corp.