What we need to make a non bank rental property loan (rates from 6% ) max ltv 75-80% (at max ltvs) loans are in high 6s – 7’s
Original Purchase Price
current rent or market (anticipated rent)
Several Loan options (non bank ) are available
1. (A+ program)full income documentation (up to 80% ltv0
2. (A-)alt doc (24 months bank statements are used for personal income (up to 80% of property cash flows
3. (A program)No income loans (property income used and needed but no personal income ) up to 75% LTV
4. (B Loans) No Ratio loans (meaning no personal income , no rental DSCR/ income needed- these
are based on LTV (usually 70% malx)
Expect rates in 6s to 7’s with good credit – 680+
We can do loans with credit as low as 500, rate 9-11%) (“last chance” loans
Our loan programs are with non bank funds and small Life insurance companies (very few intermediaries have access to this very flexible solution.
**Note we are hard money lenders and intermediaries for these longer term solutions – “landlord loans”
you can apply www.texasinvestorloan.com (apply online) menu tab
expect to supply :
tax return (unless pure stated)
proof of insurance
closing statement from recent purchase of property
copy of lease
photos if available.
*** save and apply here on the website above
Institutional money pouring into residential real estate at rock bottom prices? What does the mean for real estate and investors-landlords (non reit and institutional)?
Source: Fannie’s Blackstone loan won’t be the last – Scotsman Guide
Can investors buy at a price to make renting a viable investment? Is this just a play for institutional investors and REITS
Source: Booming Dallas Uptown district is one of the country’s fastest growing rental markets | Real Estate | Dallas News
Nice article for remembering the basics of growing your rental portfolio..
Source: Want To Grow Your Rental Property Portfolio? 6 Tips For Investors…