Image result for real estate investmentOur 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 Facts About our Single Loan Product

  • 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.

Time Owned : Constraint

  • ≤ 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

What Makes the Single Rental Loan Unique?

  • We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.*
  • We don’t limit the number of rental properties you can own, so we give you maximum flexibility.*
  • We provide personalized service throughout the entire loan process – from quote to close.