Financing Rentals Updates January 2021
This is an update for Real estate investors financing rentals, rental financing for rental properties and bridge loan financing for fix and flips. Updates of the single family, duplex, 1-4 unit, and rental portfolio, rental financing market in January of 2021
Typically we will get you a term/offer sheet in a couple hours, and will get you funded in 7 to 10 days. after the appraisal all your documentation and information has been received.
Rental Financing Highlights for 2021
- Currently, we are seeing rates in the 5s in the first week of January 2021
- 5.5% for 30 year terms and 5.4% for ARM’s
- LTV’s- up to 80% LTV for new Rental Purchase
- 75% LTV on a cash out
- 680 FICO ( other Financing Programs available with 650 or higher FICO score
- Purchase price for rentals going to be a $100,000 minimum purchase price
- Market value for refinance $110000The rates and fees will be determined by your experience your credit score your credit history the type of the project and size
Have questions? Call us at (317) 589-0118
We are seeing rates in the fives, on Arm’s and 30 year terms. We are also seeing very competitive Fix and Flip program in the mid 7’s, as well. these rates about 2% less than they were last month.
We have close relationships with several private lenders. We are using one of our primary lenders as an example for this rental property financing update. They have funded over $1,000,000,000 in the past 10 years, and have a very good underwriting systems. Rates are now in the fives, 30 year terms and ARM’s. They also have a very competitive Fix and Flip program as well.
Let’s run through what is going on in small commercial real estate lending. Generally these will apply to single family, 1-4 unit properties, multifamily, and mix use type properties up to $5million. We also have portfolio loans $1mm to $20mm.
We run our firm as a hybrid between the online lender and local mortgage broker. We will discuss your deal and help find the best lender to fit your situation. The process is quick, primarily online unless you prefer paper.
You get consulting + speed. Pricing to you is the same.
we have a large network of lenders but for most investors and most deals, our preferred lenders are some of the largest in the country, that fund very quick with fair ,no messing around, underwriting.
Fair terms you can do that with a personal phone call the application could be online or on paper
To Recap:
- Rental Financing January 2021 Update
- Rates 5’s for well qualified 30 year term low 5’s for ARM
- LTV 80% on Rental Property Purchase and Standard Refi
- 75% Cash Out Refi
- Experience one successful rental going in the past 2 years
- Minimum $75,000 loan minimum
- Credit Score 680+ for best terms, 650 for good terms from other lenders
- Time Expectations: Term/offer sheet typically within 2 hours. Funding in 7 to 10 Business Days after all docs and appraisal received.
My number my direct number is 317-589-0118 or go to APPLY NOW
or schedule a call here 
The documents we need for rental financing
Most recent bank statement
list of your current properties you own
(REO schedule)
one tax your tax return
sales contract
entity documentation
driver’s license
Fix and Flip Financing 2021 rental financing updates
- Up to 90% financing towards the purchase price, 100% financing on repairs, capped at 75% of the ARV with a floor rate of 7.49% for qualified Borrowers.
- Experience: 1 flip in the past 2 yrs or own at least 2 rental properties.
- Minimum purchase price for a bridge loan (fix and flip) is $75K.
- Both the purchase and repair costs for a min net loan of $75k.
- We also offer portfolio (recourse and non-recourse) rental refinance loans.
- Rates and fees determined by experience, credit worthiness, project type and size.
- Receive an offer sheet in about 2 hours.
- Funding within 7 to 10 days after appraisal and all documentation is received.
We have lenders will do that lower than 680 FICO, but you’re not going at the best rates.
January 2021 Update
Rates Mid 7’s on Bridge Loan for well qualified investors
My number my direct number is 317-589-0118 or go to apply now.
The documents we need for fix and flip:
Most recent bank statement
list of your current properties you own
(REO schedule)
one tax your tax return
sales contract
Construction Budget (if a fix and flip)
entity documentation
driver’s license
We also have portfolio recourse and non-recourse Rental refinance loan on $1 million to $10 million portfolios
and give us a call we’ll take a look what you got will give you a quote within a couple hours
If you have other real estate scenarios such as rural, own occupied etc, feel free to contact us. We have several SBA lenders and USDA lenders as well.
If you have questions, have a property working on now, and you would like to run the deal by us, give us a call. We can get a term sheet typically in a couple hours on a “normal” scenario.
Call us at (317) 589-0118 with any questions or to see what terms you could get today for your deal.
