Rental Portfolio Loan A full suite of products for all rental property financing needs
RATES STARTING AT 5.89%*
Do you want to purchase or refinance multiple investment rental properties? Partner with Finance of America Commercial for a long-term solution to consolidate your rental properties and generate cash flow.
Key Facts About Our Rental Portfolio Loan
- DSCR blanket loan with no W2s, paystubs, or tax returns required
- Minimum 680 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units
- Foreign Nationals allowed
| TERM | 30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) |
|---|---|
| LEASE REQUIREMENTS | Minimum Occupancy Rate of 90% by Unit Count Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent Unleased Units: 90% of Market Rent (Purchase Loans only) |
| RECOURSE | Full Recourse with Pledge of Equity of Borrowing Entity |
| LOAN PURPOSE | Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties |
| MINIMUM FICO | 680 |
| BORROWER TYPE | Entity required |
| INTEREST RATE | Call for quote |
| PROPERTY TYPE | Non-Owner Occupied:
Single Family Residences (SFR) 2-4 unit properties Warrantable condos Townhomes PUD |
| MINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE) | 1.20x |
| VACANCY MINIMUM | Min. 90% occupancy rate by unit count |
| RURAL PROPERTIES | Not permitted |
| FOREIGN NATIONALS | Eligible at maximum 65% LTV |
| LOAN AMOUNT | Minimum Property Value: $100K
Maximum Loan Amount: $2MM |
| PROPERTY RESTRICTIONS | No vacation or seasonal rentals |
| MAXIMUM LOAN-TO-VALUE (LTV) | Up to 80% on purchase and refi. Up to 75% on cash-out |
| SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS) | 180 days |
Why Choose a Rental Portfolio Loan?
- We treat your rental properties like your own small business, and we underwrite to the cash flow they will produce, not your personal income.
- Portfolio loans allow you to consolidate multiple rental properties into one convenient loan, so you’re not juggling monthly payments on each individual property.
- We offer several different options for loan terms, rate and pre-payment, so you can choose what’s best for your specific needs
We have the product to meet your needs.
Important Note: If you are a broker, please call your AJ Capital Funding Group Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (800) 674-0757
Real Estate Commercial Lender Single Family Homes, Townhomes, Duplex, Triplex, and Condos Purchase Financing, Cash Out Refinance, Short and Long Terms Available Nationwide. Residential New Construction, Fix and Flip, Bridge and 30 Year Fixed, ARM financing options available for Single and Multiple Rental Portfolios.
“FOREIGN NATIONALS WELCOME”
(By Appointments Only)
Office: (800) 674-0757
Email: info@ajcapitalfunding.con
Address: 7345 W. Sand Lake Rd. STE # 214
Orlando, FL 32819
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