Open
Road
P&L
Reach
Organized Solutions For Organized Businesses
Some of your best borrowers run the tightest ships. Logan’s Reach solution rewards that organization. With CPA or EA-prepared P&L statements, your established business owners can bypass the bank statement shuffle. Up to $3 million in financing for borrowers who keep their books as clean as their credit.
Key features:
- $3 Million Loan Amount
- 660 Minimum FICO
- Up to 80% LTV
- Primary, Second Home, and Investment Occupancy Types OK
- Max DTI 50%
- Minimum 1 Borrower Must be Self-Employed for Minimum of 2 Years Prior to the Note Date to Qualify
- Supplemental Income OK
- Max 6 Loans or Aggregate Principal Amount of $5 Million, Whichever Comes First
Self-Employed length and ownership percentage must be documented by one of the following ways: Letter from CPA; EA; or CTEC.
3 Month bank statement required

