Resi 1-4 unit, Warrantable Condos, Townhomes Single & Portfolio

[Chris Cambridge]

Portfolio props must be in same state.
All loans must close in an entity (Limited Liability Company, S-corporation, Corporation, IRA, etc.)
A 30-year, fully amortized loan product for the purchase or refinance of both single rental properties and rental portfolio

630 FICO
75% LTV...25% Down minimum
DSCR 1.3
Rates start at 6.5%
Prepay 5% stepdown
Appraisal 375-575/property
$100K plus value preferred.
Minumum loan per property $50K.
• Southeast - GA, FL, AL, TN, SC, NC, VA, WV, KY, LA, MS
• Northeast - DC, MD, PA, DE, NJ, CT, MA, NH, RI, VT
• Midwest - OH, IL, WI, MI, IN, MO, KS, NE, IA, MN
• Southwest - TX, OK  
• West - CO, WA, OR, UT