Portfolio Loan
Our Portfolio Loan is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.
Portfolio Loan
Key Facts of Loan:
Commercial loan underwritten on property cash flow
No personal income verification
Looking to Refinance an existing Portfolio loan? Ask about our Streamline Refinance!
No limit to the number of properties that can be financed
Designed for buy-and-hold investors
Standard Portfolio Rental Loans
LOAN PURPOSE
Purchase or refinance a portfolio of rental properties Refinance and acquire properties under the same transaction
BORROWER TYPE
Entity (Special Purpose Entity)
Must be a Newly Formed LLC only, unless LLC was used exclusively for a previous FACo loan transaction
EQUITY PLEDGE
Pledge of Equity from the owner is required
INTEREST RATE
Call for quote
TERM
5-, 7-, or 10-year with ballon due at end of term Full amortization up to 30 years, with interest-only option available
EXPERIENCE
No first time homebuyers
MINIMUM FICO
660 (all Guarantors)
MAXIMUM LOAN TO VALUE (LTV)
Up to 75% on purchase, limited cash-out refi, and cash-out refi
MINIMUM LOAN AMOUNT
$750K - $10MM
PROPERTY OR UNIT ACQUISITION MINIMUM
5 units per loan
FOREIGN NATIONALS
Not allowed from ineligible country list - LTV is limited to 65%
PROPERTY TYPE
Non-Owner Occupied:
- Single Family Residences (SFR)
- 2-4 unit residences
- Condominiums: warrantable and non-warrantable (with reduced leverage)
- Townhomes
- Planned Urban Developments (PUD)
- Multi-family, 5-20 units
Express Portfolio Rental Loans
LOAN PURPOSE
Purchase or refinance a portfolio of rental properties
Refinance and acquire properties under the same transaction
BORROWER TYPE
Entity (Single Purpose Entity, existing or newly formed)
EQUITY PLEDGE
No Equity Pledge required
INTEREST RATE
Call for quote
TERM
30-year fixed - Full Amortization
EXPERIENCE
No first time homebuyers
MINIMUM FICO
640 (all Guarantors)
MAXIMUM LOAN TO VALUE (LTV)
Up to 80% on purchase / limited cash-out refi, and 75% on cash-out refi
MINIMUM LOAN AMOUNT
$200K - $5MM
($100K minimum property value)
PROPERTY OR UNIT ACQUISITION MINIMUM
2 units per loan
FOREIGN NATIONALS
Not allowed from ineligible country list
LTV is limited to 70% on purchase/limited cash-out and 65% on cash-out
PROPERTY TYPE
Non-Owner Occupied:
- Single Family Residences (SFR)
- 2-4 unit residences
- Condominiums: warrantable and non-warrantable (with reduced leverage)
- Townhomes
- Planned Urban Developments (PUD)
- Multi-family, 5-8 units
832 301 6541
All other trademarks are the property of their respective owners, not endorsed or affiliated with any government entity. Rates and Terms are subject to change at any time without notice and are subject to state restrictions. Visit the NMLS Consumer Access website for regulatory information about us.
Figure: 7 TAC § 80.200(b) CONSUMER WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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