Rental Portfolios Loans
Purchase or refinance multiple non-owner occupied rental properties.
RATES STARTING AT 6.1%*
Looking to purchase or refinance multiple investment properties? Partner with us for a long-term solution to consolidate your rentals and boost cash flow.
Key Facts About Our Rental Portfolios Loans
- DSCR blanket loan with no W2s, paystubs, or tax returns required
- Minimum 680 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units
- Foreign Nationals allowed
Term
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
Lease requirement
Minimum Occupancy Rate of 90% by Unit Count
Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)
recourse
Full Recourse with Pledge of Equity of Borrowing Entity
Loan purpose
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
Minimum FICO
680
Borrower Type
Entity required
Interest Rate
Call for quote
Property Type
Non-Owner Occupied:
Single Family Residences (SFR)
2-4 unit properties
Warrantable condos
Townhomes
PUD
Minimum debt service coverage ratio (net cash flow/debt service)
1.20x
Vacancy Maximum
Min. 90% occupancy rate by unit count
Rural Properties
Not permitted
Foreign Nationals
Eligible at maximum 65% LTV
Loan Amount
Minimum Property Value: $100K
Maximum Loan Amount: $2MM
Property Restrictions
No vacation or seasonal rentals
Maximum loan-to-value (ltv)
Up to 80% on purchase and refi. Up to 75% on cash-out
Seasoning Requirement (To use value vs. Cost basis)
180 days
READY TO SUBMIT A LOAN?
Why Choose a Rental Portfolio Loan?
- We assess your rental properties' cash flow, not your income.
- Our portfolio loans consolidate multiple properties into one loan, simplifying payments.
- Choose from flexible terms and rates to suit your investment needs.