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

APPLY FOR A NEW LOAN NOW!

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