RENTAL LOANS

If you’re buying a distressed property that you plan to renovate and hold as a rental, this is the ideal product for those who have or are building a portfolio of 1-4 family properties to provide passive income. Unlike most commercial “bank” loans, with our loan you can own the property in your corporate entity yet we do not consider the owner’s Debt to Income Ratio and there’s no personal guarantee.

Terms

• Up to 75% LTV
• 5, 10, and 30 year options
• Single properties and portfolios

Process

• You provide 1 Year Tax Returns
• You provide 2 Months Bank
   Statements
• We order appraisal
• We underwrite within 72 hours

Borrower Requirements

• Loan to an LLC or other
   corporate entity
• Minimum Credit Score 660
• Own at least one property
   (primary residence counts)

Newburgh 3 Unit Rental

Acquisition Cost: $45,000
Renovation Cost: $140,000
ARV: $235,000
Loan: $152,000 (82% LTC)

Orange County Fix and Flip

Acquisition Cost: $190,000
Renovation Cost: $60,000
ARV: $335,000
Loan: $170,000 (90% LTC)

Suffolk County Fix and Flip

Acquisition Cost: $190,000
Renovation Cost: $61,000
ARV: $320,000
Loan: $208,000 (82% LTC)

Essex Family Home

Acquisition Cost: $400,000
Renovation Cost: $250,000
ARV: $900,000
Loan: $585,000 (90% LTC)

Bergen County Fix and Flip

Acquisition Cost: $700,000
Renovation Cost: $175,000
ARV: $1,300,000
Loan: $712,000 (82% LTC)

Dutchess County Fix and Flip

Acquisition Cost: $116,000
Renovation Cost: $90,000
ARV: $206,000
Loan: $170,000 (85% LTC)

Jersey Fix and Flip

Acquisition Cost: $185,000
Renovation Cost: $55,000
ARV: $325,000
Loan: $210,000 (88% LTC)

Rockland County Fix and Flip

Acquisition Cost: $208,000
Renovation Cost: $0
ARV: $275,000
Loan: $160,000 (75% LTC)

Essex County Fix and Flip

Acquisition Cost: $325,000
Renovation Cost: $55,000
ARV:   $480,000
Loan: $312,000 (82% LTC)