Rental Loans

Asset-based loans with no personal income verification

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We offer both Single and Portfolio Rental Property Loans. We help beginning rental property investors purchase their first property, and help seasoned investors unlock equity from established portfolios so they can grow.

Key Facts About Our Rental Property Loans

  • Commercial loan underwritten on property cash flow
  • No personal income verification
  • Option to borrow as an LLC
  • Designed for buy-and-hold investors
Single Rental Loan
Portfolio Rental Loan
Loan Purpose
  • Purchase a single property, or
  • Refinance a single property, with option to take cash-out3
  • Take cash out of an existing portfolio to buy more properties, or
  • Refinance or consolidate multiple rental loans
Interest Rate1
6.50 – 9.00%
5.50% – 7.50%
Loan Amount
$75K – $1.5MM15
$700K+
Minimum Property Value
$100,000
  • Multi-family 5-20 units: $30,000 per unit
  • Other property types: $50,000 per unit5
Term
30-year fixed, full amortization
  • 5 years or 10 years with balloon due at end of term
  • Option to amortize up to 30 years, with interest-only option available6
Borrower Type
LLC or Individual
LLC
Maximum Loan-to-Value (LTV)7 Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
  • 75% LTV for a fully amortized loan
  • 70% LTV for an interest-only loan16
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount8		 Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
 Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
When do we use LTV vs LTC?
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
Cash Flow Requirement
  • <$150K value: Max 70% Property Debt-to-Income Ratio (PDTI)
  • ≥$150K value: Max 85% PDTI
  • Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
  • Interest Only Loan: DSCR of 1.20x
Property Type Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
 Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
  • Multi-family 5-20 unit properties

Use this checklist to see!

  • Do you have seven rent-producing doors, with a total portfolio value of $1,000,000?
  • Do each of your properties have a value of at least $50,000?
  • Are you a long-term investor?
  • If you answered yes to these questions, complete the fields below to get started with our Portfolio Loan!
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