Rental Property Financing

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Single Rental Loan *

  • Single loan for single rental property.
  • 30 year term with full amortization and fixed rate.
  • Loan amounts $75,000 - $ 750,000.

Portfolio Rental Loan*

  • Blanket loan for 7 + rent producing doors.
  • 5- or 10-Year term fixed rate.
  • Loan amounts $ 7000,000+

FINANCING FOR

REAL ESTATE INVESTORS

  SINGLE RENTAL LOAN PORTFOLIO RENTAL LOAN
Description Single property loans to novice and seasoned investors Blanket loan for 7+ rental units to experienced investors
Loan size $75K -$750k $700k +
Term & Amortization 30 years fixed, full amortization
  • 5 or 10- years term with balloon due at the end of term
  • Amortization up to 30 years, with interest-only option available**
Max Loan-to-Value (LTV) Purchase: Funding up to 80% of purchase price or appraised value
Refinance: Funding up to 75% of appraised value**
  • Amortized Loan; up to 75% LTV
  • Interest only Loans:70% LTV**
Rates 5.50% - 8.00% 6.00% - 7.50%
Cash Flow Requirement < $150K Value= 70% PDTI
≥ $150K Value= 85% PDTI
Min Debt Service Coverage Ratio:
1.15x(1.20x for Interest Only)
Borrower Individual or LLC
Credit 660+
LLC
Credit 660+
Property Types Non-Owner Occupied: Single family residences, 2-4 family unit, Condos, Townhomes, Multi-family 5-20 units(Only for Portfolio Rental Loans)

* Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. **Any multi-family property 30 years or older can not be exceed a 25 years amortization. These property do not qualify for interest-Only loans. *** Refinance loans on properties owned < 90 days are capped at 80% loan-to-cost. REV .4.10.2017

QUICK QUOTE REQUEST FORM

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