Cash-Out & Refinance 75% to 80% of Appraised Value
Residential Rental Single Property and Portfolio Loans
One to 20 Units
SFR, Duplex, Triplex, Quad, Condo, Townhomes & Multifamily
- Nationwide (no rural)
- Refinance up to 80% and cash-out 75% of appraised value
- No experience, income tax returns or income verification required
- Single property rental loans: $250,000 to $2 Million
- $1 Million+ portfolio rental loans ($75,000 to $2 Million per property)
- Interest rates vary by credit score, LTV, property type, operating numbers and buy-down vs. no buy-down)
- 4.75% @65% LTV (no buy-down)
- 4.0% @65% LTV (1% buy-down)
- 4.99% @70% LTV (no buy-down)
- 4.0% @70% LTV (1% buy-down)
- 4.625% @ 75% LTV (1% buy-down)
- 5.625% @75% LTV (no buy-down
- Term: 30 years
- 30 years fully amortizing with no balloon payments
- Origination: 2+ points
- Rentals must be 100% leased with annual leases and monthly payments
- DSCR 1.25X (No DSCR option available)
- 660+ credit score for rental loans; 620+ for bridge loans
- Liquidity: bank statements confirming down payment, loan costs, third party reports and 3 months principal, interest, taxes and insurance payments)
- No sourcing or seasoning of funds
- No bankruptcy, foreclosure, short-sales or mortgage charge offs in last 2 years
- No financial crimes, fraud or felonies
- Prepay: 5/4/3/2/1
- Must close in LLC or Corporation name
- 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 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your loan request. No credit cards, Social Security Numbers or credit checks are required.
