PORTFOLIO RENTAL LOAN
Our Portfolio Rental Loan is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.*
Key Product Facts
- Commercial loan underwritten on property cash flow*
- No personal income verification*
- No limit to the number of properties that can be financed*
- Designed for buy-and-hold investors
Interest Rate* 5.50-7.50%
Minimum Property Value $50,000 ($100,000 in certain markets)**
- Term 5 years or 10 years with balloon
- Option to amortize over 30 years or make interest-only payments
Borrower Type LLC
- Maximum Loan-to-Value (LTV) 75% for a fully amortized loan
- 70% for an interest-only loan
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount. Time Owned : Constraint
- ≤ 90 days : 80% LTC
- > 90 days : Full appraised value
- When do we use LTV vs LTC? Purchase: Use lesser of LTV or LTC calculation
- Refinance: Use LTC until property has seasoned for 3 months, then use LTV
- Cash Flow Requirement Fully Amortized Loan: Debt Service Coverage Ratio (DSCR) of 1.15x
- Interest-Only Loan: DSCR of 1.20x
Not sure if the Portfolio Rental Loan works for you? Use this checklist to see!
- Do you have seven rent-producing doors, with a total portfolio value of $1,000,000?
- Do each of your properties have a value of at least $50,000?***
- Are you a long-term investor?
- If you answered yes to these questions, complete the fields below to get started with our Portfolio Loan!
Darin Daniels
Upstreet Financial