Lendmire Research

Bank Statement Loans For Trust Beneficiaries: Complete Guide: what borrowers need to know about high-net-worth bank-statement financing, from Lendmire.

Bank statement loans sidestep the problem by qualifying on 12 or 24 months of deposit history instead of the K-1’s bottom line.

Underwriters average 12 or 24 months of deposits, apply an expense ratio to estimate true income, and size the loan off that number instead.

– Not every “commission-only” worker is self-employed.

An executive paid heavily in stock doesn’t have that mismatch.

It exists because legitimate Schedule C write-offs and charter-specific losses often make real cash flow look smaller than it actually is on paper.

The same accelerated write-off that makes a jet purchase tax-smart can make a Schedule C or corporate return look like the business barely broke even.

– A bank statement loan finances real estate — a primary residence, second home, or investment property — not the yacht itself.