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Rental Portfolio Loan

A full suite of products for all rental property financing needs

6.26%

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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

Rental Portfolio Loan
LOAN PURPOSE
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
BORROWER TYPE
Entity required
PROPERTY RESTRICTIONS
No vacation or seasonal rentals
TERM
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
INTEREST RATE
Call for quote
MINIMUM FICO
660 (for portfolios at or under $2MM and 10 properties)
All other portfolios: 680
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 80% on purchase and refi. Up to 75% on cash-out
MINIMUM LOAN AMOUNT
$250K - $50MM
VACANCY MINIMUM
Min. 90% occupancy rate by unit count
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
180 days
RURAL PROPERTIES
Not permitted
FOREIGN NATIONALS
Eligible at maximum 65% LTV
PROPERTY TYPE
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

Non Recourse with 'bad-boy' carveouts and 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

660 (for portfolios at or under $2MM and 10 properties)

All other portfolios: 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)

For portfolios with ≤ $2MM AND ≤ 10 properties: 1.10x (Gross Rent/PITIA)

For all other portfolios: 1.20x (Net Cash Flow/Debt Service)

Vacancy Minimum

Min. 90% occupancy rate by unit count

Rural Properties

Not permitted

Foreign Nationals

Eligible at maximum 65% LTV

Minimum Loan Amount

$250K - $50MM

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
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 FACo Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (866) 464-3226 .

Get Started

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