Residential Rental Loan Program
Portfolio and Single Properties: 1 to 20 Units
SFR, Duplex, Triplex, Quad, Condo, Townhomes, PUD (Planned Unit Development) and Multifamily (5 to 20 units RL)
Cash-Out, Refinance and Purchase
- Nationwide: urban, suburban and rural (RL)
- 1-4 Units: (1) Refinance up to 80% of appraised value; (2) Cash-out up to 75% of appraised value; (3) No seasoning refi cash-outs for recently completed projects (RL); (4) Finance 75% to 80% of purchase price
- 5 to 20 units (RL): (1) Refinance 75% of appraised value; (2) Cash-out 70% of appraised value; (3) Purchase: finance 75% of purchase price or appraised value
- 65% LTV for vacant properties 1.0 DSCR up to 70% LTV with 700+ credit score (F)
- No experience, income tax returns or income verification required
- 1-4 unit single property: $250,000 to $2 Million; 5-20 unit Multifamily to $5 Million (RL)
- $1 Million+ portfolio rental loans ($100,000 to $2 Million per property)
- 4.0% @65% LTV (buy-down) (F)
- 4.75% @65% LTV (no buy-down) (F)
- 4.0% @70% LTV (buy-down) (F)
- 4.99% @70% LTV (no buy-down) (F)
- 4.625% @ 75% LTV (buy-down) (F)
- 5.625% @75% LTV (no buy-down (F)
- Save 1% per year for 30 years with one buy-down payment of 2% (F)
- Interest rates vary by credit score, LTV, # units, property operating numbers, location & buy-down vs. no buy-down)
- Term: 30 years
- 30 years fully amortizing with no balloon payments
- Origination: 2+ Eagle + (1) (F) or 2 (RL) lender points
- No entity review fees
- Credit Score: 640+ (F); 650+ (RL); 5 to 20 units 680+ (RL); 620+ (F) for bridge loans;
- No sourcing or seasoning of funds
- Prepay: 5/4/3/2/1
- Must close in LLC or Corporation name
- Recourse
- Foreign Nationals LTV 60%
- 30 day funding
- No upfront fees; we are paid when your loans are funded at closing.
To get started, please click the blue Residential Rental Loan Link for your FREE PRE APPROVAL LOI within 2 business days. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your loan request online. No upfront fees, credit cards, Social Security Numbers or credit checks are required.
