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SFR and MF Portfolio Refi Loans (Garland)

We help Single Family Rental and Small Multifamily owners with lending. We have special rates for portfolio refi's that are falling in the high 7% to mid 8%s depending on credit and the portfolio. Please see the full description below and feel free to reach out to us and we can underwrite a quick quote for you. We are in the Texas market and stay busy.

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)
Term:
3, 5, 7, & 10 Year
Amortization Options:
3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon
Minimum Loan Amount:
$55k per Individual Property
Maximum Loan Amount:
$1.5M per Individual Property
$20M Overall Portfolio
Minimum Property Value:
Individual Property Value:
1 Unit: $75k
2 – 4 Units: $100k
5 – 9 Units: $125k

Average Portfolio Value:
$100k


Credit Score:
680
Minimum Occupancy Rate:
90%*
*As Evaluated by Both Property Value and Unit Count
Minimum DSCR Requirement:
1.20

post id: 7757364997

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