Rental Portfolio Loan

The Rental Portfolio Loan is designed for both the novice and professional landlord. Qualifying is easy, approval is based on the cash flow of your rental properties and not your personal debt to income ratio. Their is no limit on the number of properties owned or the amount of outstanding loans the investor holds. A portfolio loan will allow you to consolidate multiple mortgages into a single payment mortgage. 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 Mid-FICO 650

Underwritten On Property Cash Flow

Minimum 5 Properties or 5 Units/Doors

Multi-State Properties - Ok

Property Releases - Ok

Typically Close Within 6 Weeks (dependent upon portfolio size)

 

 

Terms

$500,000 - $25 million+

LTV: up to 80%*

Interest: from 5.50%**

Rate: Fixed 

Term: 5, 7, 10 or 30 years

Amort: Up to 30 years, with interest-only option available

DSCR: 1.15x minimum

Multiple Prepayment Penalty Options

Recourse and Non-Recourse Options

 

 

Purpose

Purchase a portfolio of properties

Refinance a portfolio of properties

Refinance and acquire properties under the same transaction

Cash-Out

 

 

Collateral

Condominium (warrantable and non-warrantable)

Single Family Residence

Townhome

Duplex

Triplex

Quadruplex

Planned Urban Developments (PUD)

Multifamily (5-20 units)

Vacation Rentals (Airbnb, Seasonal, etc…)

*Up to 80% LTV on a purchase and up to 75% LTV on a refinance with or without cash-out.

**Interest Rate dependent upon credit score, loan-to-value, fixed term and DSCR.