Rental Investment Loans
DSCR Loans (Debt Service Coverage Loan)
The Fast & Reliable Solution to Growing your Rental Portfolio
DSCR Loans Up To 80% LTV
Rental Investment Loan Program
A “Rental Investment” loan is a long-term loan used to purchase or refinance property with the intent to hold it for at least 3+ years in order to profit from the cash flow from the property and future appreciation. A Rental Investment loan is a great fit in the following situations:
- 1.When the property does not need renovations.
- 2.If you are looking to payoff a bridge loan which was used to renovate the property.
- 3.When the property is stabilized, leased up, or generating any income.
- 4.You want a long term financing solution on rental investment property.
At Hardmoneyloanlender.com, our fix and flip and fix to rent loans close very quickly…as little as 5 days!
Our fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation!
At Hard Money Loan Lender, our rental investment loans close quickly…even in as little as 10-14 days at rates starting at 5.50%!
Our Rental Investment loans require no personal income verification and very little documentation!
DSCR Rental Loans allow for up to 80% Loan To Value. .DSCR Loans for purchase, refinance and cash out refinance.
Program Summary
| Loan Amount: | $95,000 – $5 Million |
| Term Length: | 30 years |
| Max LTV: | 80% |
| Amortization: | 30 Year Fixed and 3, 5, 7, 10 Year Interest Only Options |
| Interest Rate: | Starting at 5.50% |
| Min. Credit Requirement: | 600 FICO |
| Closing Time: | 14 Days |
| Loan Use: | Purchase, Refinance, or Cash out |
Pro's About Rental Investment Loans:
- High Leverage (up to 80%)
- Quick Closing in 10-14 Days
- Low Rates Starting at 4.00%
- Interest-Only Options
- No Income Documentation
What Do I Need To Qualify?
- Simple... If the Monthly Combined Principal, Interest, Taxes, & Insurance is less than the Gross Monthly Rental Income = Approved!
- Loan Fees and Costs: No Hidden Fees!
- Origination Fee: 1.50% - 2.50% of the loan amount
Eligible Properties for Rental Investment Loans
DSCR Loans
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Hard Money Loan Lender, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.
MultiFamily
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Hard Money Loan Lender, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Required Documents for Closing
-
Property
Documents
- Purchase Contract
- Payoff Statement (if Refinance)
- Rent Roll & Leases
- Taxes Statement & Evidence of Insurance
-
Personal
Documents
- Loan Application (Download)
- Track Record (Download)
- Most Recent Bank Statement
- Drivers License and/or Passport
-
Business
Documents
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Hard Money Loan Right For Me?
Need to close fast? Hard Money Loans are a great fit!
Benefits of our Rental Investment Loans:
- Close in 10-14 Days
- Up to 80% LTV
- No Income Documentation
- Rates Starting at 4.00%
- No Experience Required
Rental Investment Loans, DSCR Loans, Cash Out Refinance!