Rental Loans
Home / Rental Loans
Rental Loans
Long-term financing for the purchase and refinance of non-owner-occupied rental properties. Interest only or amortization financing.
- Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Large Multifamily; Self-Storage; Mobile-Home Parks
- LTV:
- Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
- Refinance: Up to 80% of the As Is Value
- Cash-Out: Up to 75% of the As Is Value
- Term: 20 to 30 Years
- Property Values: “As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)
- Loan Amount: $100K to $10M
- Interest Rates: Starting at 10%
- Debt Service Coverage Ratio (DSCR):
- For Property Values $150k: 1.2 or Greater
- For Property Values $150k+: 1.2 or Greater
OUR RATES AND TERMS
PROPERTY TYPES: Single family, condos, townhomes, multi-family 2-4 units.
LOAN AMOUNT: $100,000 – $3,000,000
TERM: 30-Year Fixed-Rate Rental Loans with interest only options. Get up to 80% loan-to-value with a DSCR loan.
LOANS AVAILABLE: Loans are available to individuals with or without stated income, trusts, corporations, and limited partnerships.
