Rental Portfolio Loans

✔ Owner occupied single family 

                                          
✔ 2-4 Unit

                                      
✔ Townhomes/PUD/ Warrantable Condos   

$250,000 - $50,000,000 Loan Amount                                                        
✔ 5-8 Unit Properties allowed up to 15% of Loan Amount

                                                                 
✔ 30-Year term, Fixed Rate Mortgage (Fully Amortizing)  

 

✔ 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)

 

✔ Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity  

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✔ If Owned less than 3 months: 80% of Total Cost Basis  

 

✔ If Owned between 3 and 6 months: additional 5% haircut on Max Eligible LTV