30-year LLC Rental Loans - Up to 80% LTV on BRRRRs w/o seasoning!

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Certain Lending provides 30-year loans to entities on 1-4 unit rentals. These loans are based on property cash flow, eliminating the difficulty of underwriting borrower income that is part of any bank loan (i.e. no tax returns, pay stubs, DTI issues, etc). There are no seasoning requirements to refinance, and fees are reduced when you borrow bridge money from us to acquire the property.

  • Loan Amount: $100,000 to $750,000 (can be larger for portfolios); minimum property value of $135,000
  • Loan Fees: 1.00-1.50pts + $1,495 (covers appraisal, processing, and underwriting)
  • Interest Rate: Starting at 5%; average rate is around 5.875%.  Rate buy-downs are available; get lower rates by paying more points upfront.
  • Closing Speed: 3 weeks
  • Minimum FICO: 680
    Loan Term: 30-year fixed rate OR 10-yr interest-only hybrid ARM
  • Loan to Value: Up to 80% for purchase or delayed finance; up to 75% for refinances (including cash-out)
  • Debt Coverage: Minimum 1.20 DSCR. The DSCR calculation is Rent / PITIA monthly payments, where rent is the lower of actual leased rent and market rents. For I/O ARM loans, ITIA payment is used (which allows you to qualify for higher loan amounts).
  • Borrowers: Legal US entities, including LLCs, LPs, corporations, and trusts. Foreign nationals allowed.
  • Prepayment Penalty: Standard prepay is 3-year stepdown (3-2-1). Reduced and no prepayment penalty options are also available.
  • Lease Requirements: At least 12 months to a standard residential tenant; SFR purchases can be unleased.
  • Payments: Monthly payments are collected by ACH. Taxes and insurance are escrowed.

We currently lend in Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maine, Missouri, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, and Washington. We can lend in other states if you have a large portfolio that needs funding. Rural properties are not eligible.

We also provide short-term hard money loans to acquire and renovate the BRRRR.  Click here for more details on our short-term bridge and long-term rental products.

To get started, please complete a 5-minute submission at certainlending.com.