“Ideal Solution is a Bank Statement Loan”

“Ideal Solution is a Bank Statement Loan”


I have a business client who owns a commercial property in Hartford free and clear.  He is not lendable on the bank side due to his tax returns.  Ideally he gets a commercial mortgage, but he has about $190K in equity on his personal home and is looking for approx. $100K cash out.  $160K current mtg, $350 value – primary residence.  Can I introduce him to you? 


Many self-employed borrowers show very little income on their tax returns yet have great credit and show plenty of cash flow. This banker knows that we offer loans that can fill the needs for this individual. For this loan NO tax returns are required at all.


I just closed a loan for a client that showed over $20,000 per month going through the checking account and paid taxes based on $18,000 for the year. A bank statement loan was the perfect solution in this situation as well. 


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 5 commentsJoe Petrowsky • April 19 2017 12:59PM


Good morning Joe. There is a solution if you have the source! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 2 years ago

Good morning Joe. There is generally a way if you deal with a knowledgeable and responsive lender like you.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 2 years ago

Where there is a will there is a way and it seems the way was found for this gentleman Joe Petrowsky 

Posted by Doug Dawes, Your Personal Realtor® (Keller Williams Realty - Topsfield, MA) about 2 years ago

Nothing like being a subchapter S and using all the write offs you can get.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 2 years ago

It just makes sense that a self employed person takes all the write offs possible to end up with little taxable income. Good for you to suggest the bank statement loan. Bet that loan company has a lot of clients.

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea about 2 years ago