Short Term Rental Loans
BRRR Investors or Short Term Rental acquisitions; Whether you are purchasing or refinancing your investment property, take advantage of our flexible short term rental programs.
Please contact us for all your available options to acquire Short Term Rentals
DSCR Long Term Rental Loans
DSCR loans allow investors to build a vast portfolio of rental properties.
DSCR Long Term Rental Loans
- PROPERTY TYPES: Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
- LOAN AMOUNT: $75,000 - $2,500,000
- LOAN TYPE: 30-Year Fixed Rate Mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) - MAXIMUM LOAN TO COST: If Owned less than 3 months: 80% of Total Cost Basis
If Owned between 3 and 6 months: additional 5% haircut on Max Eligible LTV - MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO): Purchase/Rate-Term Refinance: 80%
Cashout Refinance: 75% - MINIMUM DEBT SERVICE COVERAGE RATIO: 1.10x (Gross Rent/PITIA)
- TERM LENGTH: 30 Years
- RECOURSE: Full Recourse Only
- MINIMUM GUARANTOR FICO: Mid-Score of 660
- LEASE REQUIREMENTS: Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)