Single Asset Rental Loan

Feature                                                                                          Specifics

OFFERING

LOAN PURPOSE

LOAN TYPE

LOAN SIZE

LOAN TERM

LOAN TO VALUE

PROPERTY BASE DTI

RECOURSE

GEOGRAPHY

TITLE INSURANCE

PROPERTY / RENTAL INSURANCE

Acquisition, rate term and cash-out, refinance

Purchase, refinance, no-limit cash out

Single asset col lateralization, 1st lien,

$75,000 - $50,000,000

30 year fixed, fully amortizing

75%

85%

Full Recourse

National

Required

Required

UNDERWRITING GUIDELINES                                    SPECIFICS

ELIGIBLE PROPERTIES

Ineligible PROPERTIES

MINIMUM ASSET VALUE

Occupancy

VALUATION TYPE

BORROWING ENTITY

INITIAL COST

RESERVES

Prepayment PENALTY

Eligible BORROWERS / GUARANTORS

Ineligible BORROWERS

Single family, condos, townhomes, 1-4 units

Commercial, coops, manufactured, mixed-use, student housing, vacation rentals

$100,000

Non-owner occupied ONLY

Appraisal

Individual or LLC with personal guaranty

All out-of-pocket costs

Minimum of 3 months

YES

US Citizens, permanent resident aliens, non-permanent resident aliens, foreign nationals, LLC's (with personal guarantee)