Rental Portfolio Loan

The Rental Portfolio Loan is designed for both the novice and professional landlord. This is an asset based loan program so qualifying is easy, approval is based on the cash flow of your rental properties, not your personal debt to income ratio. Their is no limit on properties owned or the amount of outstanding loans the investor holds. A portfolio loan will allow you to consolidate multiple mortgages into a single loan. Cash-Out to unlock equity from existing properties, Refinance to improve cash flow or Purchase to build on your portfolio. This is a great opportunity to start or expand your empire.

 

Key Points

Minimum FICO 660

$50,000 Minimum Property Value 

5 Property Minimum

Section 8 Housing Permitted

Multi-State Properties - Ok

Close Within 4-6 Weeks (dependent upon portfolio size)

 

 

Terms

$500,000 - $50 million+

LTV: up to 80%

Interest: from 5.50% 

Rate: Fixed 

Term: 5, 10 or 30 years

Amort: up to 30 years or Interest-Only

DSCR: 1.25x minimum

Multiple Prepayment Penalty Options

Non-Recourse

 

 

Purpose

Purchase

Refinance

Cash-Out

 

 

Collateral

Condominium (warrantable and non-warrantable)

Single Family Residence

Townhome

Duplex

Triplex

Quadruplex

Planned Urban Developments (PUD)

Multifamily (5-20 units)