Loan Products | Rental Portfolios
Property Types
Single Family/2-8
Units/Townhomes/PUD/Warrantable
Condos Mided Use (50%+ Residential) No Seasonal/Vacation Rentals/AirBnb Allowed
Loan Amounts
$75,000 - $20,000,000 +
Loan Types
30-Yr Fixed Rate Mortgage (Fully Amortizing)
5/1, 7/1 And 10/1 Hybrid ARMs (Partial IO Or Fully Amortizing)
Term Length
30 Years
Maximum Loan to Cost (LTC)
If Owned > 180 Days, No LTC Limit
If Owned < 90 Days, 80% Of Purchase Price
If Owned Between 91 And 180 Days, Additional 5% Haircut On
Max Allowable LTV
Max Lot To As-Is Value (Subject to Qualifying FICO)
Purchase/Rate Term Refinance: 75%
Cash Out Refinance: 70%
Minimum Debt Service Coverage Ratio
1.20x (Net Cash Flow/Debt Service)
Recourse
Non-Recourse With Bad Boy Carveouts & Pledge of Equity
Minimum Guarantor FICO
640
Lease/Rent Requirements
Minium Occupancy Rate Of 90% By Unit Count
Single-family rental portfolios contain more than one house, condo, or townhome. In other words, investors can purchase several residential income properties in one transaction. Buying a single-family rental property portfolio can quickly expand your commercial real estate footprint. The rapid rise of home prices has prompted many people to rent, rather than purchase, single-family homes. This trend has created opportunities for real estate investors, who may prefer single-family rental portfolios. The right single family portfolio of rental properties can be a wise investment.
