Residential Rental Loans

fix and flip loans

 Long Term Rental:

30 yr fixed
Min Loan amount $50K
Min Property Value $70K
Max Loan amount Up to 5M
Purchase: The Lesser up to 80% of As is value
or up to 85% Loan to Cost
Refinance: Up to 80% of the as is value
Cash out up to 75% of the as is value
Min credit score 575
Non Owner Occupied 1-4 Family Real Estate, Condos, Townhomes, Planned Units, (PUD)
Prepay Penalty Adjustable up to 5 Years

Short Term Buy and Rent:
24 month (12 month Extension Available)
Min Loan amount $50K
Min Property Value $75K
Max Loan amount is $2.5M
Purchase: The Lesser of up to 75% of the As is Value or up to 75% Loan to Cost
Refinance: Up to 70% of the as is value
Cash out up to 65% of the as is value
Min credit score 575
Non Owner Occupied 1-4 Family & Multi Family Real Estate, Condos, Townhomes, 5+ Units Apartments, Mixed Use Properties.  Prepay Penalty 5% Prior to Month 6