From keys to cash flow.
Long-term rental financing qualified on the property’s rent. Purchase, refinance or cash-out, for a single rental or a whole portfolio.
Discuss Your Project5.39%Rates starting at
Up to 80%LTV
1.05xMinimum DSCR
30 yearsTerm
Rental Program
- Maximum Loan-To-Value
- Up to 80% on purchase and rate & term refinance
- Up to 75% on cash-out
- Maximum Loan-To-Cost
- If owned less than 3 months, 80% of total cost basis
- Minimum DSCR
- 1.05x
- Minimum FICO
- Single property: 660
- Portfolio: 680
- Loan Amount
- Single property: $75,000 to $2,000,000
- Portfolio: up to $2,000,000
- Term Length
- 30 years
- Rate & Amortization
- Fixed and adjustable rate options
- Fully amortizing and partial interest-only options
- Loan Purpose
- Purchase, rate-term refinance, or cash-out
- Single rental property, or a blanket loan for a portfolio
- Lease Requirements
- Leased units: lower of in-place rent and market rent
- Unleased units: 90% of market rent
- Portfolios: minimum 90% occupancy by unit count
- Seasoning
- 90 days to use value instead of cost basis
- Recourse
- Full Recourse
- Portfolios: with pledge of equity of the borrowing entity
- Experience
- Not required
- Borrower Type
- Entity required
- Permitted Property Types
- Eligible:
- Single family residences
- 2-4 unit properties
- Warrantable condos
- Townhomes
- PUDs
- Ineligible:
- Rural properties
- Vacation or seasonal rentals
A clear path to your next rental.
Plan
Share the property and review your terms.
Approve
We underwrite to the property’s rent.
Close
Lock in long-term financing and keep collecting rent.