30 Year Loans for Residential
       
&
Vacation Rental Properties

Fico: 680 + No mortgage lates in the past 12 months! Can have 1 mortgage late if fico score is 700+.-

Loan Terms: 30-year amortization. 5, 7 (5 and 7-year arm offer a 3 and 1 year PPP and interest-only options), and the 30-year-fixed. Commercial offers a 10 year fixed as well.-

Loan Size: $100K to 7 Million for 1-4 unit investment properties. 300k+ to 3M for commercial zoned properties. Can go up to 15M per borrower total exposure.-

Property Value: The lender needs a min loan amount of 75k per property with a property value of 125k per property now. Blankets loans $400,000+ and needs 4+ properties. Can only blanket refinance transactions.-

Max LTV: Up to 80% on Purchases. Up to 75% on refinances & refi cash out. (70% LTV on refinances where the borrower has owned the property less than 12 months).-

Debt Service Ratio: 1.2-Interest Rate 6.00% to 7.5% Borrower can also buy the rate down now, for every point, it takes the interest rate down .30 bps.-

Property Types:
  • 1-4 unit investment properties,
  • Condos, Townhomes MF 5+ units
  • Mixed-Use
  • Retail
  • Office
  • Warehouse
  • Flex Space
  • Vacation Rentals
-*The property must be on less than 2 acres of land-

Seasoning: ONLY ONE MONTH!-

Pre-Payment Penalty: 5% for 5 years if you choose the 7 years fixed, 5% for 5 years if you choose the 30 year fixed. All PPP’s are a step-down. If you want to raise the rate a little the lender will offer a 3 year PPP-

Use of Funds: Purchase, Refinance, Cash-Out Refinance-

Lending Territory: AL, AR, AZ, CA, CO, CT, D.C., FL, GA, IA, IL (Chicago 125k min property value for a SFR, $75k a door for 2-4 units), IN, KY, LA, MA, MD (Baltimore 100k min property value), ME, MI (Can’t do Detroit & Flint) MO, MS, MT, NC, NH, NJ, NM, NY, OH (In Cuyahoga County including Cleveland, Dayton property needs to be worth $150,000 or more), OK, PA (Philadelphia 100k min property value), SC, TN, TX, UT, VA, WA, WI, WV, WY.NY, NJ, VA, GA- the client must close in an entity name. In other states, they can close in a personal name.-

Closing Time Frame: 30 business days-

Appraisal Cost: $500-$600 per property-Lender Points: 2 points or $3,500. (whichever is higher) on loan amounts under $175,000. For loans over $175,000, the lender charges 2 points. The lender also has a $1,645 underwriting fee per loan.-

Special:
  • Loans can close in a corporate entity or the borrower’s personal name.
  • Can be used as a portfolio/blanket loan as long as all properties are in
------the same town and state.
  • Leased or unleased, the property must be rent ready.
  • The lender has interest-only options and a NO DSCR option. Can lend on short term vacation rentals!
  • Secondary financing is not permitted.
  • As of right now, this lender does not work with foreign nationals.


  • To Find out More Contact Fred Shatzoff 551-272-9066 or [email protected]












30 Year Loans for Residential&Vacation Rental Properties Fico: 680 + No mortgage lates in the past 12 months! Can have 1 mortgage late if fico score is 700+.-Loan Terms: 30-year amortization. 5, 7 (5 and 7-year arm offer a 3 and 1 year PPP and interest-only options), and the 30-year-fixed. Commercial offers a 10 year fixed as well.-Loan Size: $100K to 7 Million for 1-4 unit investment properties. 300k+ to 3M for commercial zoned properties. Can go up to 15M per borrower total exposure.-Property Value: The lender needs a min loan amount of 75k per property with a property value of 125k per property now. Blankets loans $400,000+ and needs 4+ properties. Can only blanket refinance transactions.-Max LTV: Up to 80% on Purchases. Up to 75% on refinances & refi cash out. (70% LTV on refinances where the borrower has owned the property less than 12 months).-Debt Service Ratio: 1.2-Interest Rate 6.00% to 7.5% Borrower can also buy the rate down now, for every point, it takes the interest rate down .30 bps.-Property Types:
  • 1-4 unit investment properties,
  • Condos, Townhomes MF 5+ units
  • Mixed-Use
  • Retail
  • Office
  • Warehouse
  • Flex Space
  • Vacation Rentals
-*The property must be on less than 2 acres of land-Seasoning: ONLY ONE MONTH!-Pre-Payment Penalty: 5% for 5 years if you choose the 7 years fixed, 5% for 5 years if you choose the 30 year fixed. All PPP’s are a step-down. If you want to raise the rate a little the lender will offer a 3 year PPP-Use of Funds: Purchase, Refinance, Cash-Out Refinance-Lending Territory: AL, AR, AZ, CA, CO, CT, D.C., FL, GA, IA, IL (Chicago 125k min property value for a SFR, $75k a door for 2-4 units), IN, KY, LA, MA, MD (Baltimore 100k min property value), ME, MI (Can’t do Detroit & Flint) MO, MS, MT, NC, NH, NJ, NM, NY, OH (In Cuyahoga County including Cleveland, Dayton property needs to be worth $150,000 or more), OK, PA (Philadelphia 100k min property value), SC, TN, TX, UT, VA, WA, WI, WV, WY.NY, NJ, VA, GA- the client must close in an entity name. In other states, they can close in a personal name.-Closing Time Frame: 30 business days-Appraisal Cost: $500-$600 per property-Lender Points: 2 points or $3,500. (whichever is higher) on loan amounts under $175,000. For loans over $175,000, the lender charges 2 points. The lender also has a $1,645 underwriting fee per loan.-Special:
  • Loans can close in a corporate entity or the borrower’s personal name.
  • Can be used as a portfolio/blanket loan as long as all properties are in
------the same town and state.
  • Leased or unleased, the property must be rent ready.
  • The lender has interest-only options and a NO DSCR option. Can lend on short term vacation rentals!
  • Secondary financing is not permitted.
  • As of right now, this lender does not work with foreign nationals.
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