Our Single Rental Loan enables investors to purchase
their first property or add a new property to their portfolio.
Investors use this loan to refinance a property for a better rate, or use equity to take cash out.*

Key Product Facts*

  • Commercial loan underwritten on property cash flow*
  • No personal income verification*
  • Lending directly to individuals or LLC’s
  • No limit to the number of properties you can finance**
INTEREST RATE* 6.50-9.00%
MINIMUM PROPERTY VALUE $100,000
TERM 30-year fixed, full amortization
BORROWER TYPE LLC or individual
MAXIMUM LOAN-TO-VALUE (LTV)
  • 80% LTV for Purchase
  • 75% LTV for Refinance
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT.
  • ≤ 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
CASH FLOW REQUIREMENT
  • <$150K value : Max 70% Property Debt-to-Income Ratio (PDTI)
  • ≥$150K value : Max 85% PDTI

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