The program addresses a common friction point for business owners: the discrepancy between substantial cash flow and the deductions reflected in tax documents. Instead of relying on traditional income verification, Lendmire calculates eligibility using 12 to 24 months of personal or business bank statements. This approach opens financing pathways for primary residences, second homes, and investment properties, with individual lenders reviewing requests that exceed the standard $20 million ceiling.
Lendmire Targets High-Net-Worth Borrowers with $30 Million Loan Program
For self-employed professionals whose tax filings often obscure their true cash flow, securing a jumbo mortgage has historically been a significant hurdle. Boone-based brokerage Lendmire is now offering bank statement loans of up to $30 million, allowing high-net-worth borrowers to qualify based on deposits rather than traditional tax returns.
Founder and CEO Brandon Miller emphasized that the brokerage focuses on mapping a client’s specific income structure to the appropriate underwriting criteria. Beyond primary mortgage products, the firm also facilitates business-purpose financing through a Debt Service Coverage Ratio (DSCR) program, which considers rental income for investors on properties up to $10 million. While these financing options provide flexibility for high-value assets, final approval remains contingent upon individual credit profiles, reserves, and specific property requirements within the firm’s wholesale lending network.
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