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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

  1. Nationwide (no rural)
  2. Refinance up to 80% and cash-out 75% of appraised value
  3. No experience, income tax returns or income verification required
  4. Single property rental loans: $250,000 to $2 Million
  5. $1 Million+ portfolio rental loans ($75,000 to $2 Million per property)
  6. Interest rates vary by credit score, LTV, property type, operating numbers and buy-down vs. no buy-down) 
  7. 4.75% @65% LTV (no buy-down)
  8. 4.0% @65% LTV (1% buy-down)
  9. 4.99% @70% LTV (no buy-down)
  10. 4.0% @70% LTV (1% buy-down)
  11. 4.625% @ 75% LTV (1% buy-down)
  12. 5.625% @75% LTV (no buy-down
  13. Term: 30 years
  14. 30 years fully amortizing with no balloon payments
  15. Origination: 2+ points
  16. Rentals must be 100% leased with annual leases and monthly payments
  17. DSCR 1.25X (No DSCR option available) 
  18. 660+ credit score for rental loans; 620+ for bridge loans
  19. Liquidity: bank statements confirming down payment, loan costs, third party reports and 3 months principal, interest, taxes and insurance payments)
  20. No sourcing or seasoning of funds
  21. No bankruptcy, foreclosure, short-sales or mortgage charge offs in last 2 years
  22. No financial crimes, fraud or felonies 
  23. Prepay: 5/4/3/2/1 
  24. Must close in LLC or Corporation name
  25. Foreign Nationals LTV 60%
  26. 30 day funding
  27. 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.

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