Rental Portfolio Loan
Do you want to purchase or refinance multiple investment rental properties? Partner with CIVIC for a long-term solution to consolidate your rental properties and generate cash flow.
Key Facts About Our Rental Portfolio Loan
- DSCR blanket loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO (for portfolios at or under $2MM and 10 properties)- all other portfolios: 680 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units, 5-8 units multifamily eligible
- Foreign Nationals allowed
| | Rental Portfolio Loan |
|---|---|
| LOAN PURPOSE | Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties |
| BORROWER TYPE | Entity required |
| PROPERTY RESTRICTIONS | No vacation or seasonal rentals |
| TERM | 30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) |
| INTEREST RATE | Call for quote |
| MINIMUM FICO | 660 (for portfolios at or under $2MM and 10 properties) All other portfolios: 680 |
| MAXIMUM LOAN-TO-VALUE (LTV) | Up to 80% on purchase and refi. Up to 75% on cash-out |
| MINIMUM LOAN AMOUNT | $250K - $50MM |
| VACANCY MINIMUM | Min. 90% occupancy rate by unit count |
| SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS) | 180 days |
| RURAL PROPERTIES | Not permitted |
| FOREIGN NATIONALS | Eligible at maximum 65% LTV |
| PROPERTY TYPE | Non-Owner Occupied: - Single Family Residences (SFR) - 2-4 unit properties - 5-8 unit multifamily - Warrantable condos - Townhomes - PUD |
Over $8 Billion in loans for Real Estate Investors
CIVIC Rental Property program provides a practical solution for obtaining the long-term financing you require. Our primary goal is to support you throughout the process, which is why we provide adaptable term lengths and funding choices to ensure your progress remains unhindered.
Why Choose a Rental Portfolio Loan?
- We treat your rental properties like your own small business, and we underwrite to the cash flow they will produce, not your personal income.
- Portfolio loans allow you to consolidate multiple rental properties into one convenient loan, so you’re not juggling monthly payments on each individual property.
We offer several different options for loan terms, rate and pre-payment, so you can choose what’s best for your specific needs.
BEGIN TODAY BY TAKING ADVANTAGE OF A Rental Portfolio Loan
