I'd like to announce an exciting new blanket loan product that allows investors who currently own a portfolio of rental properties to unlock their equity, get out from under hard money and ultimately expand their portfolio. This is a cutting edge product that's generating a lot of excitement from real estate professionals. With this product, borrower's can:
Portfolio must comprise of 5 or more residential rental units at a time. These rental properties consist of single family homes, condos, townhouses, 2-4 unit multifamily, apartment buildings and mixed use with up to 40% commercial or any combination of the above.
- Loan sizes start at $500,000 and range up to $50 million.
- 5 and 10 year loan terms with 30 year amortization (preserving your cash flow).
- Interest rates in the 5-6% range.
- LTV’s up to 75% as long as the loan size meets a minimum DSCR of 1.20x.
- The typical turn time from a signed Term Sheet with expense deposit to closing is 45 days.
- Brokers can charge 1 point origination and earn 1 point in YSP (meaning that pricing is very, very competitive.)
For more information feel free to reach out to me at the number below.