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