Acerca de
TheRightRental
The Right Rental Loan is our tailored and industry-leading solution for cash flowing investment properties whether you are buying to add to your portfolio or cashing out your capital in a refinance, we have a loan for you. We are also a leader in short term rentals – properties used for AirBNBs, VRBO or vacation homes – we have flexible and ultra-competitive terms to get deals done. We have solutions for anyone – from first-time investors dipping to industry veterans looking to rapidly expand their portfolios – we are confident we can find you a great loan in a quick, efficient and easy process.
Program Terms
-
Loan Amounts: $100K - $3M (Blanket Portfolio Loans up to $5M)
-
Rates: 6.99% to 8.99%
-
Geography: Nationwide (except North and South Dakota)
-
Property Types: Residential, Short-Term Rental / Vacation Rental, Mixed Use (commercial/residential, up to 3 commercial units)
-
Occupancy: Long-Term or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
-
Loan Structure: ARMs & 30-Year Fixed Rate Mortgage Loans, 3 to 5-Year Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed
-
LTVs: Up to 80% (Acquisitions/Rate-Term Refi), 80% (Cash-Out)
-
DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)
-
DSCR: 0.75x minimum
-
Credit Score: 620 minimum