Realtypreneur’s offers short-term and long-term financing options for Non Owner Occupied Real Estate Investments. Whether you are looking to fix & flip properties or hold properties for rental income, Realtypreneur has flexible options that are suited to your needs.
LOAN TYPES: Interest Only | Fixed/Adjustable Rate Mortgage Options
MAXIMUM LOAN TO COST: ▪ Purchase Loans: 80% of Purchase / As-is Value + 100% of Rehab Costs ▪ Refinance Loans: 75% of As-is Value + 100% of Rehab Costs
MAXIMUM LOAN TO STABILIZED VALUE: 75%
TERM LENGTH: Up to 24 months + Two 6-month Extensions
MAXIMUM LOAN TO COST: : ▪ If Owned < 3 months, 80% of Total Cost Basis: ▪ If Owned Between 3 and 6 months, additional 5% haircut on Max Eligible LTV MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO): : ▪ Purchase/Rate Term Refinance: 80% : ▪ Cashout Refinance: 75%
MAXIMUM LOAN TO COST: : ▪ If Owned < 3 months, 80% of Total Cost Basis: ▪ If Owned between 3 and 6 months, additional 5% haircut on Max Eligible LTV
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO FICO): : ▪ Purchase/Rate Term Refinance: 75%: ▪ Cashout Refinance: : • 75% for loans ≤ $3MM : • 70% for loans > $3MM
MINIMUM DEBT SERVICE COVERAGE RATIO: 1.25x
TERM LENGTH: 30 Years RECOURSE: : ▪ Full Recourse, or : ▪ Non Recourse with bad-boy carveouts and Pledge of Equity
MINIMUM GUARANTOR FICO: Mid-Score of 680
LEASE REQUIREMENTS: Minimum Occupancy Rate of 90% by Unit Count
