Falling interest rates and rising real estate values make this a smart time to refi cash-out your residential rentals
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)
- 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)
- 5 to 20 units (RL): (1) Refinance 75% of appraised value; (2) Cash-out 70% of 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 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.
