Buy and Hold - Rental Property Loans

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Commercial Real Estate

Rental Property Loans

Loan Term:

15 & 30 Year

Minimum Loan Amount:

$75,000

Minimum Property Value:

$100,000

Maximum Loan Amount:

$1 Million

LTV:

The lesser of up to 85% of As-Is Value or up to 85% Loan to Cost on purchase;

Up to 80% of the As-Is Value on Refinance;

Up to 75% of the As-Is Value for Cash-Out.

Minimum FICO Score:

620

Property Type:

Non-Owner Occupied 1-4 Family & Multifamily Real Estate;

Condos; Townhouses; Planned Unit Development (PUD)

Pre-Payment Penalty:

3% of Loan Balance in Year 1

2% of Loan Balance in Year 2

1% of Loan Balance in Year 3

Rates:

Starting at 5.99%

Termination Fee

None