The Bulletproof 50
Fifty percent leverage on income-producing investment property, with no minimum credit score and no income verification. This is the program for the investor whose file does not fit a conventional loan or a DSCR box. The equity carries the deal, not your score.
Leverage
50% LTV
Min. credit score
None
Income docs
None
Property
Any income asset
How it works
You bring half, we lend half against the property. Because the loan sits at fifty percent of value, the file does not need to survive a credit score matrix or a debt service test. The equity carries the deal.
This is the program for the borrower who gets declined everywhere else. Thin file, no file, discharged bankruptcy, prior short sale, foreign national, self-employed with no returns, or a score that simply does not clear a lender's grid.
Qualification is the equity in the property, not your personal income. Business purpose only, on non-owner-occupied investment property.
Single family, condo, PUD, 2-4 unit, 5+ multifamily, mixed-use, office, retail, warehouse, self-storage, automotive, mobile home park, commercial condo, and day care. Purchase, cash-out refinance or rate and term.
If a bank or a DSCR lender declined you on credit, this is the product to look at before you give up on the deal.
Being straight about the exclusions saves you a wasted call.
Active foreclosure or open bankruptcy
The file has to be out of an open foreclosure action or a discharged or dismissed bankruptcy. An active case in either is the one situation this program will not work around.
Severely damaged property
The property has to function as an income property today. A full gut, structural failure, a condemnation order, or no working systems is not a fit at fifty percent.
Owner-occupied or consumer purpose
This is a business-purpose loan on an investment property. It is not a consumer mortgage and it is not available on a primary residence.
The narrowness of most investor programs comes from the credit box, not the asset. Widen the equity and the asset list opens up.
Non-owner-occupied, business purpose only. Purchase, cash-out refinance and rate and term. Not available on a primary residence.
Priced per asset
Fifty percent is the structure, not a rate sheet. Every Bulletproof 50 file is quoted on the asset itself, which is exactly why it works when a scorecard says no. Send us the property and we come back with real terms.
Business-purpose, non-owner-occupied investment property only.
That is exactly who this program exists for. There is no minimum score to clear. What matters is that you are out of an open bankruptcy or foreclosure, the property functions as an income property, and the loan stays at fifty percent of value.
Fifty percent of the property value, subject to the asset itself. We do not publish a ceiling because it depends on the property. Send us the address and we will tell you the number.
We run a soft pull to confirm there is no active foreclosure or open bankruptcy. A soft pull does not affect your score.
Both. Purchase and refinance are available on income-producing property. On a refinance the fifty percent is measured against the property value, not against what you originally paid.
Cosmetic work is fine. The line is a property that is not currently habitable or has structural or code problems serious enough that it cannot function as an income property. If you are unsure, send photos with the address and we will tell you straight.
This program is quoted per asset, not off a grid, so there is no self-serve calculator for it. Send the address and what you are trying to do, and we come back with real terms.
Adler Capital provides business-purpose financing on non-owner-occupied investment property. Loans are made to entities or individuals for business purposes, are not consumer mortgages, and are not subject to consumer mortgage disclosure requirements. Nothing on this page is an offer to lend or a commitment to lend. Final terms depend on the property, title, valuation and the completed file. See our terms and privacy policy.
