Loading
Profit & Loss Statement Loans in Gardena
Gardena's business owners don't fit W-2 templates. Contractors, consultants, and shop owners here need loans that read P&Ls, not pay stubs.
Traditional lenders reject perfectly profitable businesses because tax returns show write-offs. P&L loans look at gross revenue before deductions.
You need a licensed CPA to prepare your P&L covering 12-24 months. Most lenders want 620+ credit and 15-20% down.
Your business must show consistent income across the review period. Lenders verify the CPA license and may request supporting bank statements.
Most retail banks don't touch P&L loans. You need a broker with access to non-QM lenders who actually fund these.
Rates run 1-2% above conventional because these are portfolio loans. Lenders price based on how clean your P&L looks and your cash reserves.
Half my Gardena clients who think they need P&L loans actually qualify for bank statement programs with better rates. Run both options.
Get your CPA involved early. A sloppy P&L kills deals. Lenders want consistent monthly revenue, not wildly fluctuating income that needs explaining.
Bank statement loans often beat P&L programs on rate and requirements. They use 12-24 months of deposits instead of CPA statements.
1099 loans work if most income comes from a few clients. DSCR loans skip personal income entirely for investment properties.
Gardena's mix of industrial businesses, retail shops, and service companies creates diverse income patterns. Your P&L needs to match your industry norms.
Properties near the 110 and 91 corridors appraise smoothly. Lenders get nervous about commercial conversions or mixed-use deals without strong comps.
No. Lenders require a licensed CPA to prepare and sign your P&L statement. QuickBooks exports don't meet underwriting standards for income verification.
Most lenders want 12-24 months of operating history. Newer businesses under 12 months typically don't qualify for P&L programs.
That's exactly why P&L loans exist. Lenders understand depreciation and write-offs. Your CPA-prepared P&L shows actual business cash flow.
Yes, but DSCR loans often make more sense for rentals. They skip personal income entirely and just look at property cash flow.
Expect rates 1-2% higher than conventional loans. The trade-off is qualifying with your actual business income instead of tax returns.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.