Rental Portfolio Loan
- STARTING RATE
5.48%
*
Key Facts About Our Rental Portfolio Loan
- DSCR blanket loan with no W2s, paystubs, or tax returns required
- Minimum 680 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units
- Foreign Nationals allowed
Term | 30-year term, fixed rate mortgage (fully amortizing) 5/6, 7/6, 10/6 hybrid ARMs (partial IO or fully amortizing) |
Lease Requirements | Minimum occupancy rate of 90% by unit count Leased Units: Lower of (i) In-place rent & (ii) Market rent Unleased Units: 90% of market rent (purchase loans only) |
Recourse | Full Recourse with Pledge of Equity of Borrowing Entity |
Loan Purpose | Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties |
Minimum FICO | 660 |
Borrower Type | Entity required |
Interest Rate | Call for quote |
Property Type | Non-Owner Occupied: Single family residences (SFR) 2-4 unit properties Warrantable condos Townhomes PUD |
Minimum Debt Service Coverage Ratio (net cash flow/debt service) | 1.05x |
Vacancy Minimum | Min. 90% occupancy rate by unit count |
Rural Properties | Not permitted |
Foreign Nationals | Eligible at maximum 65% LTV |
Loan Amount | Minimum Property Value: $100K Maximum Loan Amount: $2MM |
Property Restrictions | No vacation or seasonal rentals |
Maximum Loan-To-Value (LTV) | Up to 80% on purchase and refi. Up to 75% on cash-out |
Seasoning Requirement (to use value vs. cost basis) | 90 days |
Over $8 Billion in loans for Real Estate Investors
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
