Borrower is a California marijuana farmer. He has a 15 percent down payment on a $1 million purchase price.
Borrowers tax returns are going up in smoke so he does not have enough reportable income. But he has 24 months bank statements showing substantial deposits.
We use a bank statement loan program. Borrower must sign an affidavit warranting that he won’t grow pot on the premises.
Deal gets done and we fund.
