Updated over 2 years ago on .

NON-RECOURSE 1-4 unit Rental Property Portfolio Loan
Yes, you read it right - NON-Recourse. What's the catch? Simple, here are the stats:
Min. loan amount of $3MM (min. property value total of $4.5MM); properties can be in different states (as long as we lend in those states); Properties can be owned by different LLC's (they will be transferred into a SPE (Special Purpose Entity) as part of the loan process); NO STR's (short term rentals) allowed; maximum of 70%LTV; portfolio can be one property or more than one to make up the collateral and loan amount; must have been owned for at least 6 months if it is a refi loan. This loan is perfect for the landlord with a portfolio of properties seeking rate & term or cash out refi, OR seeking to purchase a portfolio of turnkey rentals.
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