RENTAL PROPERTY LOANS

PROPERTY TYPES: Single-family detached residences, 2-4 unit residences, condominiums, and townhomes


LENDING AREA: Northeastern and Mid-Atlantic USA focused, but will consider all major cities nationally


LOAN SIZE: From $150,000 to $1,500,000


LOAN TERM: 2-30 Years


AMORTIZATION: None, Interest-only


INTEREST RATE: 6.99% – 10.99%


LOAN-TO-VALUE: Up to 65%


ORIGINATION FEE: 2% – 3% of the loan amount


PREPAYMENT PENALTY: 1% in year 1


DSCR REQUIREMENT: > 1.25


DEBT TO INCOME: NONE


MIN FICO: 660


RECOURSE: Typically, there will be recourse to Sponsors


EXPENSE DEPOSIT: Adequate to cover third-party reports, legal fees, and customary 

Expenses


CLOSING TIME: Typically within 14 business days