RentalHomeFinancing.com, a National multifamily blanket loan lender providing competitively priced, fixed rate, 3, 5, 7, or 10 year term mortgages, has recently announced the roll out of new expanded approvals for multifamily apartment building and all residential properties secured by at least 5 leases.
Our multifamily and blanket loans are specifically geared toward income properties and professional investors on a Nationwide. Our underwriting guidelines are "Make Sense" and we are aggressively lending in today's market.
Borrowers and brokers now have the access to an unlimited fund, backed by experienced professionals, eager to lend money on Make sense opportunities. Our attractive financing options feature no seasoning, reasonable underwriting guidelines, unlimited properties, and unlimited cash out options. Call us today!
- Multifamily blanket mortgage loan program highlights include:
- NO Seasoning for cash out
- NO Limits to amount of properties financed
- Foreign National programs
- LTVs up to 75%
- 1.0 - 1.2x DSCR
- Bridge loan financing available
- Expanded approval for apartment building properties that offers access to captive equity for multifamily investors.
- Non-recourse loan options to 75% LTV
- Loan amounts from $500k to $100M
- Rates range 4% and up
- 5 - 10 year fixed rates
- 30 year amortization
- Interest only options - 60%
- Expanded approvals for credit challenged borrowers
- Please visit our FAQ's now
- Types of multifamily properties include:
- Apartment building communities 5 units and up
- Senior living facilities
- Assisted living facilities
- Student housing
- Mixed use properties
Contact one of our qualified representatives now for a free consultation on how to increase your rental business.
Lending Matrix for Blanket Loans
Lending Matrix for Blanket loans of 3 or more rental doors on residential rental property.
| Geography | Nationwide Financing (Except North Dakota, South Dakota, Alaska & Hawaii) | |||||||||
| Loan Purpose | Purchase or Refinance, Cash out | |||||||||
| Loan Amount Range | $300k-$50MM | |||||||||
| Terms | 5 or 10 year fixed rate balloon with up to a 30 year amortization | |||||||||
| MAX LTV | Up to 75% on stabilized lease ready properties (SFR, TH, 2-4 family, Condos) & Multi units (max 20 units) | |||||||||
| Credit Grid | No Bk's last 2 years and No Foreclosures | |||||||||
| Recourse Options |
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| Non Recourse | 620 Minimum credit score for US Citizens LTV for Non-recourse will be based on overall credit/loan profile Foreign Nationals treated as Non-recourse, OK up to 75% | |||||||||
| Minimum DSCR | 1.15% ** Interest only available at 70% LTV and below, 670 score needed | |||||||||
| Minimum Property Value | $50k for 75% LTV, $40k- $49.9k limited to 50% LTV Multi Family $30k per unit | |||||||||
| Prepayment Penalties |
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| Seasoning | After 90 days of ownership we will lend off appraised value <90 days ownership we will lend off cost basis (purchase price + rehab) | |||||||||
| Occupancy |
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| Fees | Third party Appraisal Fees collected upfront at deposit to submit RHF charges 1-2% origination and $2500 underwriting fee at close Customary title charges at close No application fees |
Call us today - 1-888-375-7977 and speak with one of our qualified representatives.
or
APPLY ONLINE NOW!