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Your Partner to Success

NO Income Required
We DO NOT require a Credit Check or a Credit score!


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NIV for NON-Owner Occupied.  
Make it MORE than just a value add for your business.

We've got this...
No Income Verification

Non-Owner Occupied

...and we don't want your first born to qualify
(especially if they are having a bad day)!

Actually, we don't want your tax returns, pay-stubs or a blood sample either.  Our products are straightforward and our pricing is great.  We're the best non-owner lender in the business, bar none.

We're Velocity Commercial Capital.

Call Richard Simpson now 404-919-7545
or e-Mail

APEX Mortgage provides commercial lending for urgent financial needs.APEX works with brokers to provide direct lending to your commercial clients with urgent financing needs. Many of the businesses that we work with have found that traditional banks will not underwrite small balance loans or loans to support building purchase, renovations, debt consolidation or some other commercial mortgage application. Many self-employed building owners find that banks just don’t understand them, APEX does!

Does your deal fit?

  • Loans range from $25,000 to $1 million (minimum property value of $75,000)
  • Credit rating from A0 through A7 (see Credit Grade below)
  • Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings (See Property Types below)
  • APEX has the capacity to help with unusual loans and circumstances

APEX is a wholly owned subsidiary of Firstrust Bank. We serve brokers in 44 states by funding and servicing commercial mortgages for their customers.

Talk to one of our underwriters. They are the decision makers. Let us evaluate your deal or apply to become an Approved Broker member of our broker affiliate program.

Credit Grade

Minimum: $500,000
Maximum: $1,000,000
5 Years – 25 Years
Fixed Rate 8.5% par                    ARM Prime + 4%
    5% Months 1-12                              5%Months 1-12
    4% Months 13-24                           4% Months 13-24
    3% Months 25-36                           3% Months 25-36
    2% Months 37 – 48                        2% Months 37-48
    1% Months 49 – 60                        1% Months 49-60
Personal guarantees are required on all loans.
(See attached grid for maximum CLTV by individual property types)
See Program Matrix for LTV by property type.
First liens only
Owner Occupied
Non-Owner Occupied
Maximum cash to borrower is $250,000
All Properties Subject to Debt Coverage Ratio Minimums. See Program Grid for DSCR by Property Type For DSCR Purposes, rent for Owner Occupied units will be determined by current market rents.
Mortgage must be current. Mortgage must have been rated for at least twenty-four (24) months.
All accounts must be paid “AS AGREED”.
Minimum FICO score 650.
Charge offs are not allowed in the prior twelve (12) month period.
Bankruptcies are not allowed in the prior four (4) year period.
See attched LTV list
Gas Stations
Salvage Yards
Vacant Lots
Condo Hotels
Manufactured Housing
Mobile Homes
Rural properties in areas under 25% built up
An Apex obtained appraisal is required on all properties.
All loans must have an environmental questionnaire completed. All loans require the payment of an Environmental Processing Fee of $500-$1,500.
Credit documents cannot be more than 90 days old. Appraisals must be less than 60 days old at the time of closing.
2-4 unit property
70           1.25
5-9 unit property
70           1.25
10-25 unit property
70           1.3
65           1.5
Mixed Use (1 commercial + 1-4 unit residential)
70           1.25
Mixed Use (commercial + residential)
70            1.3
Professional Office Space
70            1.3
Retail Store – Free/Strip Standing
70           1.35
Mobile Home Park
65           1.5
Small Commercial
70           1.5
65           1.5
Auto Related
65           1.5
Industrial properties
60           1.5
1) Summary Sheet
2) COMPLETED 1003 Application
3) Credit Report
4) Mortgage Broker Agreement

Property Type

APEX specializes in apartment building mortgages and will consider offering apartment buildings mortgages up to 70% LTV. Final LTV’s and rates are determined by experience of the owner, length of ownership, cash flow, strength of credit, and strength of real estate. APEX will consider both owner occupied and investment properties when it comes to apartment building mortgages.


Commercial SFR Investment lending by Velocity

Services.   As direct portfolio lenders, Velocity Mortgage Capital provides convenient loans when others can't. Don't let bank rejections or the crippling rates and fees of hard-money lenders deter you from funding deals. You'll offer competitive rates and terms while generating new revenue streams.

Key Loan Features

  • We NEVER review pay stubs or tax statements
  • Rates as low as 6.49%
  • Funding from $75k to $5 million, available in 45 states
  • No balloons, 30 year amortized term
  • LTVs up to 75%
  • 650 mid FICO to qualify
  • Rebates up to 2 points available
  • Correspondent relationships offered
  • Assumable at lenders discretion


Copy of 07-13--Short_VCC_Matrix 

Commercial Lending by Velocity subject to an appraisal
Are you interested in purchasing or refinancing a 1-4 unit, townhouse, apartment, or retail shop with a fast closing? 

The residential/commercial mortgage underwriters at Velocity Commercial Capital are here to help you. Since 2004, our business has been providing a variety of loans to investors all across the country, helping these investors realize their goal of owning investment real estate. We provide commercial lending and residential lending in 45 states and have made more than $700,000,000 in portfolio loans across the country. Are you prepared to join our list of satisfied clients? Take a look at the information we have provided about our loans and make your decision today.

Commercial lending & residential lending made easy by Velocity

When choosing Velocity, one of the nation’s top commercial & residential mortgage lenders, you’ll gain access to loans with rates as low as 6.49%. We provide loan amounts that start at $100,000 and go all the way up to $5,000,000. Furthermore, we are direct portfolio lenders.
This means that when you are seeking out a loan that most traditional banks and other residential/commercial mortgage lenders can’t provide, we can fund your deals. 

Velocity provides commercial and residential loans for a variety of properties for your needs. We can provide you with money for a NOO single family residence, a townhome, or a condominium, as well as office, auto shop, warehouse, and self-storage facilities. We are great commercial/residential mortgage lenders for individuals and businesses that are interested in purchasing rental properties. Whether you are just starting a business or have been part of the investment property industry for ages, we are prepared to help you succeed. This is a cost-effective solution to your investment real estate needs.

Looking for a commercial or residential mortgage lender? you've come to the right place

With over 10 years of experience as one of the nation’s top commercial/residential mortgage lenders, choosing us is a smart move.
Don’t face the stress and rejection that comes to you via traditional lenders.

Richard Simpson 
Office  404-919-7545

Understanding your Credit Score

News, Tips and Tricks

Understanding your Credit Score


When applying for a loan, your credit score can help lower your rates significantly, but with so many elements that go into your FICO score, it’s hard to know how to better your credit. According to The Motley Fool, FICO determines your score on a scale of 300-850, based on the following categories (weighting in parentheses).

  • Payment history (35%)
  • How much you owe/credit utilization (30%)
  • Length of your credit history (15%)
  • Types of credit you use (10%)
  • New credit inquiries (10%)

Payment history takes into account how many late payments a person has, but in the most recent update from FICO, it rates based on whether late payments are a pattern or an anomaly. So basically, that one-time late payment to your credit card shouldn’t ding you too hard. But with payment history making up 35 percent of your score, paying on-time, over time is a definite must.

Credit utilization is that ratio of how much credit you owe versus how much you still have available to use. Things like carrying high balances on a credit card could hurt you here, as it indicates you may be stretching your limits, whether or not that’s the case. At 30 percent of your score, it is worth evaluating your accounts to find that balance between using credit to build a history, while not over-using them.

Credit history length not only refers to how long it’s been since you first started building credit, it also takes into account the length of time each type of credit has been open. Even though older accounts that are still open--but not recently in use--don’t necessarily help your score, closing them is often not a good idea either. Keep an eye on when you opened certain accounts and this 15 percent of your score shouldn’t cause too much trouble.

As far as types of credit you use, FICO notices, but doesn’t really care how they are mixed up (are there more credit cards or auto loans on your report for example). What does matter here is that obtaining financing in different areas (auto, mortgage, retail credit, etc.) may yield different results since each industry has their own standards and focuses on your credit-worthiness in that certain area. But at just 10 percent of total score, this one isn’t as important to worry about as some of the other factors.

Lastly, there is the category of new credit inquiries. Often given a bad rap for dinging credit, this element is only 10 percent weight when determining score. The positive here is that FICO takes into account rate shopping, so applying for an auto loan a few times in a short period isn’t going to wreck your score. The only one that might have an effect is applying for multiple credit cards over a short period, but even that shouldn’t have a large effect on your overall score.

So, there you have it, your credit score explained. The first step to improving your credit though is to see what your lender sees when you apply. Get you your free credit report once per year, as the law allows, by visiting There are many sites where you can sign up, some free, some paid, but the above link will provide your report from all three credit bureaus once a year, just by requesting it, with no strings attached. 

Questions and Answers for EMV mandates effective 10-01-15

EMC Merchant Terminal Beyond Square: Advantages Of Other Mobile Payment Solutions

Questions? Call Richard 404-919-7545

“What are the important dates related to EMV mandates?”

October 2015 is when liability shifts from issuers to merchants for counterfeit card fraud.

This shift occurs for card present transactions where the merchant is not using an EMV compliant device (with the exception of fuel merchants).

2. “What are the ramifications if a merchant is not EMV compliant?”

If a merchant chooses not to replace the non-EMV POS device with an EMV compliant POS device by October 2015, then the merchant is subject to the liability shift for card present counterfeit fraud transactions. If the merchant accepts a non-EMV card, has a EMV POS device and the transaction is fraudulent, the merchant has chargeback rights. If the merchant accepts an EMV card and does not have a EMV POS device, then the merchant does not have chargeback rights. It would also be possible for a merchant to be liable for accepting a non-EMV card if it is a counterfeit magnetic stripe card.

Real Estate News

3. “When will EMV-capable terminal applications be available?”

Merchants that have EMV-capable terminals will need a download to enable EMV acceptance and possibly a peripheral device for contactless EMV card processing.

4. “Will a merchant see any cost savings by becoming EMV compliant; what is the benefit?”

A cost savings benefit a merchant will receive is a reduced risk of losses for counterfeit fraud chargebacks.

5. “How will EMV requirements impact mobile/micro merchants (i.e. PayFox®)?”

EMV liability shift affects all card present transactions.
There is no distinction for mobile/ micro merchants.

06. “Are EMV requirements applicable to Aggregators/PSPs (i.e. Square®, etc.)?”

Yes, EMV requirements apply to Aggregators/PSPs card present transactions.

6. “What is the current and forecasted percentage of U.S. consumers with EMV-capable cards (or contactless cards/devices) over the next 3 years?”

Announcement• According to the EMV Migration Forum, as of December 2013 there were 12.7 million EMV cards issued in the U.S. • MasterCard® EMV cards are predominantly issued on an “at request” basis, usually for international travel. • The number of EMV cards issued by American Express® and Discover® in the U.S. is not available. • The card brands have not published the forecasted percentage of U.S. consumers with EMV-capable cards (i.e. chip/NFC) over the next 3 years. • published the following: » Out of the 1 billion cards that are in use in the U.S., only 20 million EMV cards have been issued. By the 2015 deadline if the current trend continues, only 20 to 30 percent of U.S. cardholders will have the new EMV cards.

7. “To be EMV compliant does a merchant need to support chip-and-PIN, chip-and-signature and NFC?”

ACH Terminal VX520• Visa » Credit card supports chip-and-signature » Debit cards will support PIN » Require processors to support NFC, however merchants are not required to support NFC although it is strongly encouraged. • American Express and MasterCard » Require processors to support chip-and-PIN » Merchants must support NFC in order to qualify for liability shift. • Discover and MasterCard » Require processors to support online and offline PIN support. Offline PIN support is when the terminal validates the PIN.

8. “If I am EMV compliant do I still need to be PCI compliant and incur PCI related validation fees?”

Merchants must maintain PCI compliance.

9. “What is the estimated “realistic” exposure (from a financial perspective) to a merchant, if they are not EMV compliant, post 2015 liability shift?”

The merchant’s liability depends on the amount of counterfeit fraud chargebacks they have.

10. “What if any differences in EMV requirements are there for cash advance merchant accounts?” There are no unique EMV requirements for cash advance merchants. They have the same liability shift as all card present merchants.

11. “What dates surround the Visa contactless requirement?”

Alert bull hornEffective January 1, 2015, Visa contactless readers must support the Visa payWave® message format and no longer support the early adopter message format. Visa does not require merchants to support contact and contactless, but strongly encourage it.

12.  “If a merchant chooses not to upgrade their equipment to accept EMV, will they still be able to process transactions?” Yes, however they are subject to the liability shift for card present counterfeit fraud chargebacks.

13. “What are the most significant differences between EMV and magnetic stripe transactions from a security prospective?”

door knocking• Magnetic stripe data is static; the data is the same each time the card is used at all terminals and is easily cloned. • EMV incorporates cryptographic algorithms with dynamic data to ensure the card is authentic which makes cloning extremely difficult.

 Questions?  Call Richard 404-788-4420

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