Highlights
Program Overview
- Loan amounts: $75,000 – $4,000,000
- Up to $50M for larger portfolios (case-by-case basis)
- Leverage: Up to 80% LTV
- DSCR: Minimum 0.75
- Terms: 30-year options available
- Closings in as little as 20–30 days
- Competitive rates and points based on deal strength
Investor Profile
- No experience required (strong credit and reserves preferred)
- Designed for long-term rental investors
- Flexible structuring based on cash flow, credit, and asset quality
Eligible Properties
- Non-owner-occupied
- 1–25 units (including multifamily)
- Mixed-use properties
- Single-family homes
- Warrantable condominiums
- Townhomes
- Planned Unit Developments (PUDs)
- Rural properties
- Short-term and long-term rentals (case-by-case)
- Non-warrantable condominiums (case-by-case)
Ineligible Properties
- Manufactured or mobile homes
- Co-ops
- Condotels
- Leasehold properties
- Cabins or log homes
- Operating farms, ranches, or orchards
- Oil/gas lease properties
- Highly specialized or unique assets