Rental Property Loans
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READY TO ADD MORE RENTAL PROPERTIES TO YOUR INVESTMENT PORTFOLIO?
Rental Property Loan Programs
Cash Flow Loan Programs are perfect for professional investors looking to grow their portfolio of single-family rental properties.
Cash Flow Rental Features
• Full 30 year terms, no balloons
• Streamlined qualification process emphasizing property level cash flow
• No tax returns required; No DTI calculations
• Simple, haggle-free pricing you can depend on
• Protect your identity and other assets by borrowing in a corporate entity
Not ready to start your loan?
Schedule a quick phone call to discuss your loan scenario.
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(857) 529-8555
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A Partner That’s Highly Specialized in Rental Loans
- Laser-focus: Laser-like focus and rental loan expertise simply cannot be matched. Would you go to a foot doctor for a headache? Or an employment attorney for a divorce? There is something to be said about going to a specialist for the specialty you need.
- Eliminating cross-default provisions: Choosing a specialized rental lender instead of financing all of your investment properties, such as fix-and-flips, through one lender could avoid cross-default provisions. Essentially, through a cross-default provision, if a borrow fails to pay interest or principal on time for one loan, the lender has the right to default the borrower on all of their loans. Fix-and-flips are risky investments even for the best investors, so it is always a good practice to keep your rentals elsewhere
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(857) 529-8555
Why a CASH FLOW PROGRAM may be the ideal solution:
Optionality
The Cash Flow Rental Loan Program is specifically designed for investors looking to grow their portfolios of single-family (1-4 unit) rental properties. We have the most experience in the industry and have the customization investors need for their investment strategies. Rental360 investors can choose their:
• Rate Structure: Pick from a 5/1 ARM, 7/1 ARM, or 30-Yr Fixed. The 5/1 ARM and 7/1 ARMs are ideal for transitional rentals, while the 30-yr fixed is a more permanent financing option.
• Prepayment Penalty: A prepayment penalty is a contractual clause that states the borrower is going to pay the lender an additional fee if the borrower pays off the loan early. Our standard prepayment penalty is a 5-year structure, but if the borrower wants to pay the loan off sooner, they can opt for one of our 3-year structures.
Cash Flow Based Program
Rather than look at the personal income of our investors, This program looks at the monthly cash flow generated by the property compared to the debt. We do this using a metric called Debt-Service Coverage Ratio (DSCR). DSCR is calculated by dividing the monthly rent by the monthly principal, interest, taxes, insurance and association dues (PITIA). A DSCR of 1 indicates the investor is breaking even, and anything above a 1.2 is considered solid. Many investors that own multiple mortgaged rental properties have too much “debt” to qualify for traditional financing, so using DSCR rather than DTI enables them to acquire more rentals.
GET STARTED
(857) 529-8555
Not ready to start your loan?
Schedule a quick phone call to discuss your loan scenario.
Got 3 minutes? Request a custom quote today!
It’s really that simple.
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