BUSINESS DONE RIGHT!
Who we are...
For more than three decades...
X - On Capital and its ownership have consistently demonstrated outstanding performance and service as a Non-QM business partner, setting a strong foundation for continued success.
X - On Capital provides various non-QM mortgage options that enable borrowers to qualify based on more accurate representations of their reliability. These representations may encompass bank statements, rental income, liquid assets, or credit history.
Whether you are a novice or seasoned real estate investor, or a prospective first-time investor, non-QM mortgage products offer a streamlined financing solution without imposing unnecessary obstacles.
The Leadership...
Glenn A. La Mattina, the Chief Executive Officer (COO) of X-On Capital (XOC), is a seasoned executive with over 30 years of experience in the lending industry. His extensive background in commercial and residential real estate development and lending equips him with the knowledge and professionalism needed to foster successful partnerships with clients and investors globally.
Non-QM Financing...
A Non-QM Loan, also known as a non-qualified mortgage, is a type of mortgage that allows for qualification based on alternative methods instead of the typical income verification standards. Common examples include using bank statements or assets as income.
Non-QM loans offer more flexible requirements, expanding real estate investment opportunities to a wider range of individuals. In contrast, Non-QM loans differ from Qualified Mortgage (QM) loans as they do not need to adhere to the federal government and Consumer Financial Protection Bureau’s (CFPB) QM guidelines.
To protect borrowers from entering into unaffordable loan agreements, the CFPB established strict rules for QM loans in 2014 following the Great Recession. This financial crisis, lasting from 2007 to 2009, led to numerous defaults on subprime mortgages and foreclosures, impacting the economy and many individuals' credit scores adversely.
Non-QM Mortgage Benefits
- Greater underwriting flexibility
- No personal income calculations are required
- No job history is required (in some cases)
- As little as 10% down required
- No reserves required (in some cases)
- Credit scores as low as 620 allowed (580 w/ compensating factors)
- Low debt-service-coverage ratio (DSCR) on investment properties
- Counting rental income (including Airbnb & VRBO)
Fix & Flip Financing
- 90% of the Purchase Price
- 100% of the Renovation Coast
- 75% ARV
ALL LOANS INCLUDE:
- FINANCING FOR PURCHASE AS WELL AS 100% OF THE CONSTRUCTION
- FUNDS TO RENOVATE THE PROPERTY.
- GUIDELINES: FIX & FLIP FINANCING
- BORROWER: US CITIZEN OR FOREIGN NATIONAL
- RESIDENTIAL: 1-4 UNIT
- COMMERCIAL: MIXED USE | MULTI-FAMILY UP TO 30 UNITS
- OPTIONS: PURCHASE RATE & TERM REFI OR CASH OUT REFI
- EXPERIENCE: FIRST-TIME INVESTORS ELIGIBLE
- TERMS: 12/18/24 MONTHS
- LOAN SIZE: $100,000 - $3,000,000
GET YOUR FREE RATE QUOTE TODAY.
New Construction Financing
Experienced Investors
X-ON CAPITAL offers new construction loans that enable quick access to leverage and underwriting flexibility not available through conventional lending sources.
Working with X-ON CAPITAL for new construction projects gives investors the flexibility and capital to cover up to 80% of the project cost from single-family homes to larger multi-family properties and small subdivisions.
GUIDELINES: Construction Financing
- BORROWER: US Citizen or Foreign National
- RESIDENTIAL: RESIDENTIAL
- PRIOR DEALS: 3 PROJECTS IN THE LAST 3 YEARS
- AVI: UP TO 70% VALUE OF THE LAND
- BUDGET 85% OF THE CONSTRUCTION BUDGET
- FICO: 660
- LOAN SIZE: $150,000 - $2,500000
GET YOUR FREE PRICE QUOTE TODAY.
Bridge Loan Financing
BUILDING BRIDGES for FINANCING
X-ON CAPITAL'S Bridge program offers additional flexibility for those who do not yet qualify for traditional financing giving the borrower time to obtain permanent financing.
X-On Capital's Bridge program provides increased flexibility for individuals who may not currently meet the criteria for traditional financing, allowing borrowers the opportunity to secure permanent financing in the future. Our team of specialists excels in matching property investors with tailored financial solutions.
GUIDELINES: BRIDGE LOAN FINANCING
- LOAN AMOUNT: $100,000 - $4,000,000
- LOAN PURPOSE: Purchase / Refinance
- PROPERTY TYPES: Residential, Multi-Family
- LOAN TO VALUE: Up to 80% LiV
- CREDIT SCORE
- Credit Score: Determine'S LTV's & Pricing
- OCCUPANCY: Investor ONLY
- TERMS: 2. 10 or 24 Months
- IMPOUNDS: General Not Required
GET YOUR FREE PRICE QUOTE TODAY.
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Contractor Customer Financing
WIN MORE JOBS WITH FINANCING
X-ON CAPITAL'S Contractor Financing program offers a contractor-friendly financing system designed to enhance your chances of winning more jobs by providing various options for homeowners to choose from.
X-On Capital can offer your customers simple, instant payment options. Customers purchase your services and pay for it gradually without much effort, and you receive your money immediately and in full. Everybody wins!
Financing for any project: swimming pool, plumbing, HVAC, roof, window repair/installation, basement & bathroom remodeling, etc.
GUIDELINES: BRIDGE LOAN FINANCING
- LOAN AMOUNT: $Up to $200,000
- LOAN PURPOSE: Contractor Financing
- PROPERTY TYPES: Residential, Multi-Family
- CREDIT SCORE: As low as 550
- APPROVAL: Within 2 to 3 Business Days
- EQUITY or APPRAISALY: Not Needed
GET YOUR FREE PRICE QUOTE TODAY.
Contact Me
X-On Capital
760 Rt. 46 W I Ste 1012 I Parsippany I NJ I 07054-4750
Phone: 862-334-2563 E-Fax: 973-860-5960 e-Mail: info@x-on.capital URL: www.x-on.capital
