Mon – Fri 9-6 EST
Sat-Sun Closed
We have a product that is that is looking for professional builder/investors who have a portfolio of single family homes for rent and need a permanent solution. Great product for those looking to exit hard money loans or have hit there maximum loan limits at their local bank(s).
This product is private equity and not government back so, there are no lending limits or limits to number of properties owned by an investor. Today's rates are between 4.375% - 7%!
Competitive market pricing is NOW available for well qualified borrowers!
| Term | Type | Index | Prepay prd. | Recourse | Max LTV | Min. DSCR | Amort. |
| 5 years* | Fixed | 5-year Swap | Options | Non-recourse | 75% | 1.25x | 30 years |
| 5 years* | Fixed | 5-year Swap | Options | Full recourse | 75% | 1.25x | 30 years |
| 10 years* | Fixed | 10-year Swap | Options | Non-recourse | 75% | 1.25x | 30 years |
| 10 years* | Fixed | 10-year Swap | Options | Full recourse | 75% | 1.25x | 30 years |
SECURITY:
- First Mortgage Lien or Deed of Trust, plus equity pledge of sponsor.
- $500,000 to $5,000,000+
- 5 and 10 year fixed rates available
- Partial releases for homes sold
- Portfolios of 1 to 4 family rental homes and condos
- Cross collateralized and cross defaulted first mortgage and equity pledge
- Approved LLC or other commercial entity
- Up to 75% of BPO/appraised value
- 20 to 30 year amortization depending on price point, age and leverage
- Competitive market pricing
- Non-recourse to key principals except for customary bad act carveouts
Apply Now or Call us to discuss your opportunity! - 888-375-7977
