Think-Realty-Magazine-July-2018

INVESTOR REVIEW

Need funding? WELCOME TO EASY STREET. Recovco makes your funding easier. We’re different from most lenders because we look at the revenue and value of the investment property – not your personal income.  That deep understanding of your needs, plus our experience and our common-sense underwriting guidelines, make

LENDERS EDITION

us the easy choice for real estate investors.

Recovco: Where Tailored RE Investment FinancingMeets Common-Sense Underwriting

R ecovco Mortgage Management, LLC (Recovco) is a rapidly growing Non- QM lender with deep roots in the residential mortgage industry. Our innovative prod- ucts, flexible qualifying criteria, and com- mon-sense underwriting provide tailored solutions for wide variety of financing needs, including residential real estate investors, self-employed borrowers, and those with recent credit events. Recovco recognized the acute shortage of “re- al-life” loan options for consumers and created modern lending solutions to help the growing number of borrowers whose financing needs often cannot be met by traditional lenders. In response, we designed products specifi- cally to meet the needs of the people we serve. And our Common Sense Underwriting means we won’t ask you for information and doc-

sively for real estate investors – you can qualify based on the property’s debt service coverage (not on your personal debt-to-income ratio). Borrowers with less-than-perfect credit also benefit from specially tailored mortgage prod- ucts that allow for lower credit scores resulting from recent bankruptcy filings, judgements, and other recent credit events. We’re also fully equipped to meet the needs of foreign borrowers, young professionals, and borrowers who want to use their assets rather than their income to qualify for a loan. While many banks and mortgage compa-

Flexible approval terms so we can say ” YES ” to you:

No Income Testing, qualify on the equity in your property No W-2, pay stubs, or tax returns required 80% Financing Available

Highest LTV Options based on your property’s Debt Service Coverage Interest-Only Loans

nies put technology ahead of people, Recovco emphasizes the “human touch” in financing by providing our clients with personalized, pro- fessional services at every step - from matching borrowers to the right loan product, to complet- ing your application and then processing your loan request. All the technology is there – but our people are in front of it, not behind it. Recovco is committed to continually developing new loan products that anticipate the needs of the residential mortgage market, and to empowering its people with the tools and knowledge to help our customers achieve their goals. Find out more at www.recovcodirect.com. •

DAN LEANNA Vice President, Retail Sales

Lower Reserve Requirements

uments that you don’t have. Add in our top-rated customer service, and you’ll see why we can say ‘Yes’ when traditional banks have said ‘No’. For self-employed borrowers this means using bank state- ments to demonstrate your income (and no, we won’t ask you for a W-2). Interested in purchasing an income-producing property? We have specialized loan programs designed exclu-

8 recovcodirect.com

) 866.824.2662

Loans up to $7 million

Visit recovcodirect.com for full program details. NMLS# 1200721

INVESTOR REVIEW :: 7

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