Rental Property Loan...
781.691.9555
Purchase & Refinance
Our rental loan program offers real estate investors options to purchase
rental properties or refinance exiting ones nationwide except NV, SD, ND & OR.
Property Types: Single family, multifamily and small balance commercial properties.
LTV: 75%, Loan Amount, $150,000 - $5,000,000
Cash out refinancing available for properties with qualified seasoning requirements starting form 65% - 70% LTV.
Refinance from bridge loan to 30 years fixed interest rates from 5.5% for single family - 4 unit rental properties, 5+ units from 7.49 - 9.75%.
Our rental loan program offers real estate investors options to purchase
rental properties or refinance exiting ones nationwide except NV, SD, ND & OR.
Property Types: Single family, multifamily and small balance commercial properties.
LTV: 75%, Loan Amount, $150,000 - $5,000,000
Cash out refinancing available for properties with qualified seasoning requirements starting form 65% - 70% LTV.
Refinance from bridge loan to 30 years fixed interest rates from 5.5% for single family - 4 unit rental properties, 5+ units from 7.49 - 9.75%.
Non-Owner Occupied and Owner Occupied Investment Properties
Non owner occupied properties are residential investment only type of properties that range from 1-4 units. Investors are not allowed to live in such properties because their occupancy affects the revenue they generate. However, owner occupied commercial properties such as 5+ units, shopping complex, offices and warehouses, garage bays, investors could occupy one to two units provided it will not affect the property debt service coverage ratio.
Funding your Rental Property
Bridge Loan Option: Real estate investors use bridge loan to buy and hold investment properties for the purpose of stabilization. Use our bridge loan program to buy and hold, renovate your investment properties and refinance to permanent loans from 10, 25 or 30 years amortized loan.
Documents Needed to Purchase Rental Property
Articles of Organization
Operating Agreement or Bylaws for Corporations
Official IRS EIN letter
Purchase Contract - Fully signed by both seller and buyer
2 Months of Bank Statements to proof liquidity
Personal Financial Statement
Rent Roll - Leased or Month to month
Closing Attorney
Operating Agreement or Bylaws for Corporations
Official IRS EIN letter
Purchase Contract - Fully signed by both seller and buyer
2 Months of Bank Statements to proof liquidity
Personal Financial Statement
Rent Roll - Leased or Month to month
Closing Attorney
Why Choose Us?
Fast Pre-approvalExperienced Investors Relationship Managers to review your purchase.
|
Insightful UnderwritingSame day loan approval when all related documents are submitted and reviewed...
|
Timely Closing ScheduleLoan closing is scheduled timely with satisfactory underwriting guidelines...
|
