Our Portfolio Rental Loan is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.*
Key Product Facts
Commercial loan underwritten on property cash flow*
No personal income verification*
No limit to the number of properties that can be financed*
Designed for buy-and-hold investors
Minimum Property Value
$50,000 ($100,000 in certain markets)**
5 years or 10 years with balloon
Option to amortize over 30 years or make interest-only payments
Maximum Loan-to-Value (LTV)
75% for a fully amortized loan
70% for an interest-only loan
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 3 months, then use LTV
Cash Flow Requirement
Fully Amortized Loan: Debt Service Coverage Ratio (DSCR) of 1.15x
Interest-Only Loan: DSCR of 1.20x
Not sure if the Portfolio Rental Loan works for you? Use this checklist to see!
Do you have seven rent-producing doors, with a total portfolio value of $1,000,000?
Do each of your properties have a value of at least $50,000?***
Are you a long-term investor?
If you answered yes to these questions, complete the fields below to get started with our Portfolio Loan!
*Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply.
**Portfolio loans in the following markets: Baltimore, Chicago, Cleveland, Detroit/Flint, Los Angeles, Miami, New Haven, New Jersey, New Orleans, Oakland, and Philadelphia, require a minimum property value of $100,000.