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Get funds in as little as 2 weeks with low rates!

RESIDENTIAL FOR RENT

LOAN PROGRAM

 

Loan Size

$75k-$1.5M 

Lease

Currently leased (no seasoning required)

Units

1-4 Units

Purpose

Business (non-owner occupied)

Closing Speed

Fast – can be 
less than two 
weeks!

 

 

Leverage Ratio

 
Up to 80%
Loan amount divided by property value (LTV)

 

 
Up to 90%
Coverage of basic rental expenses (PDTI)

 

 

30 Year Term

 

 
 
Interest-only payments option for either three or five years. Move from a successful rehab to a long-term rental.

 

Documents Required

  • Executed lease
  • Evidence of non-owner occupancy (Declaration for Non-Owner Occupancy)
  • Social security number for a routine background and credit check
  • Evidence of insurance and bill showing premium
  • Property Tax bill
  • Business entity documentation

 

These guidelines are subject to change without notice. Terms for each loan will be reviewed on a case-by-case basis. We may need additional supporting documentation before fund transfer.

*For experienced borrowers

Site Map

 

Real Estate Broker - CA Dept. of Real Estate -DRE# 01891885 - NMLS# 388808
Washington Consumer Loan License CL - 388808
NMLS Consumer Access

 

 

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