Portfolio Residential Rental Loans (1 to 9 Units)
Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States and partners with several capital providers.
Long-term annual leases with monthly rents or short-term daily, weekly, and monthly rentals
Non-owner-occupied single-family homes, duplex, triplex, quad, warrantable condo and townhomes
Single property and portfolio loans
No upfront fees, tax returns or income verification
Cash-Out, refinance and finance purchase up to 80% LTV
Competitive interest rates
30-year fully amortizing, 5/1 ARM or 5-year interest only
Fast, streamlined funding in 3 to 5 weeks
- Nationwide (primary, secondary and rural locations)
- $250,000 to $2.5 million; portfolio loans: $500,000 to $20 Million+ (50% $75,000+ & other half $100,000+ appraised value)
- Cash-out / refinance up to 80% of appraised value with 720+ credit (75% @680 to 720; lower LTV @620 to 680)
- Finance up to 80% of purchase price
- No monthly payments for cash-outs until 4th month after loans close (3 months PITA escrowed)
- Credit score: 660+
- Origination: 2+ points
- Prepay: 3/3/3/2/1 for 5/1 ARM; 5/4/3/2/1 for 30-year-fixed
- Loans close in LLC, corporation or partnership name
- Non-recourse portfolio loans with variable rates
- No bankruptcy, foreclosure, short sales or deed in lieu last 3 years
- 1st liens with no subordinated seller financing or debt
- Warrantable condos 50% owner occupied, HOA dues 15% max 60 days past due and no more than 20% owned by one person
- No condotels, mobile homes, timeshares, commercial or mixed-use
- In-house loan servicing
- Rent ready vacant properties financed using area monthly rents
- U.S. citizens, permanent residents, foreign nationals and first-time investors welcome
To submit your online loan request, click the blue GET STARTED Link for PRE- APPROVAL within 48 business hours for qualified borrowers. No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL.