Do you want to purchase or refinance multiple investment rental properties? Partner with EZ Financial Group for a long-term solution to consolidate your rental properties and generate cash flow.
Key Facts About Our Rental Portfolio Loan
- DSCR blanket loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO (for portfolios at or under $2MM and 10 properties)- all other portfolios: 680 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units, 5-8 units multifamily eligible
- Foreign Nationals allowed
| TERM |
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) |
|---|---|
|
LEASE REQUIREMENTS |
Minimum Occupancy Rate of 90% by Unit Count Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent Unleased Units: 90% of Market Rent (Purchase Loans only) |
|
RECOURSE
|
Non Recourse with 'bad-boy' carveouts and Pledge of Equity of Borrowing Entity |
|
LOAN PURPOSE |
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties |
|
MINIMUM FICO |
660 (for portfolios at or under $2MM and 10 properties) All other portfolios: 680 |
|
BORROWER TYPE |
Entity required |
|
INTEREST RATE |
Call for quote |
|
PROPERTY TYPE
|
Non-Owner Occupied: Single Family Residences (SFR) 2-4 unit properties 5-8 unit multifamily Warrantable condos Townhomes PUD |
|
MINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE) |
For portfolios with ≤ $2MM AND ≤ 10 properties: 1.10x (Gross Rent/PITIA) For all other portfolios: 1.20x (Net Cash Flow/Debt Service) |
|
VACANCY MINIMUM |
Min. 90% occupancy rate by unit count |
|
RURAL PROPERTIES |
Not permitted |
|
FOREIGN NATIONALS |
Eligible at maximum 65% LTV |
|
MINIMUM LOAN AMOUNT |
$250K - $50MM |
|
PROPERTY RESTRICTIONS
|
No vacation or seasonal rentals
|
|
MAXIMUM LOAN-TO-VALUE (LTV) |
Up to 80% on purchase and refi. Up to 75% on cash-out |
|
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS) |
180 days |
OVER $8 BILLION IN LOANS FOR REAL ESTATE INVESTORS
Why Choose a Rental Portfolio Loan?
- We treat your rental properties like your own small business, and we underwrite to the cash flow they will produce, not your personal income.
- Portfolio loans allow you to consolidate multiple rental properties into one convenient loan, so you’re not juggling monthly payments on each individual property.
- We offer several different options for loan terms, rate and pre-payment, so you can choose what’s best for your specific needs.
GET STARTED
Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.
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