Rental Portfolio Loan
A full suite of products for all rental property financing needs
- RATES STARTING AT
5.4%
*
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
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Rental Portfolio Loan
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LOAN PURPOSE
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Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
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BORROWER TYPE
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Entity required
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PROPERTY RESTRICTIONS
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No vacation or seasonal rentals
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TERM
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30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
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INTEREST RATE
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Call for quote
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MINIMUM FICO
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660 (for portfolios at or under $2MM and 10 properties)
All other portfolios: 680 |
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MAXIMUM LOAN-TO-VALUE (LTV)
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Up to 80% on purchase and refi. Up to 75% on cash-out
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MINIMUM LOAN AMOUNT
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$250K - $50MM
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VACANCY MINIMUM
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Min. 90% occupancy rate by unit count
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SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
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180 days
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RURAL PROPERTIES
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Not permitted
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FOREIGN NATIONALS
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Eligible at maximum 65% LTV
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PROPERTY TYPE
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Non-Owner Occupied:
- Single Family Residences (SFR) - 2-4 unit properties - 5-8 unit multifamily - Warrantable condos - Townhomes - PUD |
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 |
Over $8 Billion in loans for Real Estate Investors
- 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.
READY TO SUBMIT A LOAN?
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