Single-Family & Portfolio Permanent Financing
We offer 30-year amortizing mortgages for rental properties on single assets and portfolios of up to 20 properties. These loans are based on rental cash flow, and interest rates start at 3.75%.
Property Types
1-4 unit single family homes, townhouses, and condominiums
Urban or suburban location (no rural properties)
Loan Features
Loan amount from $100,000
Minimum property value of $100,000
Minimum debt service coverage ratio of 1.20
Up to 80% loan to value for purchase or refinance, 75% LTV for cash out
30-year fixed rate, 10-year interest-only hybrid ARM, 5-year and 10-year balloon options
No tax returns or underwriting debt to income
Other Details
Loans made to entities
Personal guarantee usually required
Reduced LTV options for foreign nationals
Credit score over 680, no recent foreclosures or bankruptcies
AirBnB, vacation rentals, assisted living facilities not eligible
Interior appraisal with market rents