Single or Portfolio Rental Home Loans

Many Borrowers and Principals have seen strong Real Estate equity growth in their non-owner properties throughout California and the US.

Since 2009, Dan Cassel and Trinity Mortgage have delivered great Real Estate loan solutions to Borrowers-Principles who seek Investment Property Financing on Multi-Family and Single-Family Rental Assets across all 50 states. We are a Licensed Mortgage Brokerage that works with the Borrower and Institutional or Non-Bank Financial Institutions thru our proprietary “Lending Platform technology” to Place and Fund Investment and Builder Real Estate Loans of all types

We have developed and currently offer several Purchase and Refinance Loan products with “Smart Financing Options” and less hassle. Like Fast cash-less Doc money, Bridge loans, Interest only payments, Repositioning of RE assets, debt restructures of one home or several.  Cross-Collateralize across 50 states, multi-family and single-family rental assets! No Debt Service Coverage Ratios (DSCR) loans, OAC.

Dan Cassel and the Trinity Mortgage team have the expertise and specialize in Placing and Funding Investor-Builder-Family Loan Solutions that the local “Full Service Big Banks” just typically cannot deliver. That includes Asset based Loans for Landlords on Rental Properties and other Investment Real Estate.

Challenging aspects of Investment properties and developing a Real Estate Rental Portfolio 

One of the most challenging aspects of Investment properties and developing a Real Estate Rental Portfolio is acquiring the capital to begin a project. And having reserves to service the debt. Often, we help solve that with our low down programs for experienced Investors or Builders. With extensive knowledge, our networks and many years of experience working with the Investment Property and Building industry, Dan Cassel and the Trinity Loan team are able to provide the expertise to navigate less hassle financing solutions for even the most complex Residential or Commercial projects. We offer many Investment Loan options, from Construction to Financing Rental Properties.

With current equity positions possibly at their peak, now is a great time for borrowers to consider this program. We offer many Investment Loan options, from Construction to Financing Rental Properties. We understand the issues when you are slow at selling your RE and need to put one or two into a lease for 1 year.  Or seek cash out to payoff a investor prior to a build. We have Builder loan solutions for real time situations and below are a couple of options. We are often able to close these 2 loan products in 21 days or less once we have documentation!

For more information on Single or Portfolio Rental Home Loans and how to qualify to Purchase or Refinance, please phone Dan Cassel direct at 866-310-1112.

If you seek to just start a new secure and confidential Real Estate Loan Application, simply click here.

Here are 2 sample Rental Loan Products we can deliver OAC:

PORTFOLIO RENTAL LOAN

Highlights

Minimum loan size $500 k Minimum unit count 5 units (ex: 1 duplex & 1 triplex OR 5 SFR’s)
Minimum Values $50 k = Single Family Dwelling $40 k/door = Multi-family Dwelling
Asset Types SFR, Condo, Town-home, 2-4 Unit & 5-50 unit apartments (Larger Apartments on exception basis)
Max LTV 75% Interest Rates 5.25%-6.50% Minimum DSCR 1.20 x (1.25 x for loans under $1 m)
Term Options 5 year, 7 year 10 year Balloons Amortization Options 20, 25 & 30 years

Interest Only? Yes – 65% LTV or less on 5 year Yes – 60% LTV or less on 10 year

Non-recourse Option?

Yes- Foreign Nationals OK?
Yes- Delaware SPE LLC?
Yes- Required Expense Deposit?
Yes-Reserves?
Yes – 2 months of Taxes, Insurance,
Condo Types? Non-Warrantable & Condo Conversions- OK!

Option B

PORTFOLIO RENTAL LOANS MATRIX:

Highlights

Single Rental Loan
Portfolio Rental Loan
LOAN
PURPOSE
- Purchase a single property
– Refinance a single property, with option to take cash-out
 – Take cash out of an existing portfolio to buy more properties, or
– Refinance or consolidate multiple rental loans
 INTEREST
RATE
Varies with Borrower Liquidity, Net Worth, Prior Credit Limits, number of properties built, number of deals completed. Varies with Borrower Liquidity, Net Worth, Prior Credit Limits, number of properties built, number of deals completed.
 MINIMUM
PROPERTY VALUE
 $350,000 - Multi-family 5-20 units: $30,000 per unit
– Other property types: $50,000 per unit
 TERM
 30-year fixed, full amortization - 5 years or 10 years with balloon due at end of term
– Option to amortize up to 30 years, with interest-only option available
 Typical Documentation
No personal income required No tax returns No limit on number financed80% Max purchase LTV75-80% cash outLLC or Individual   Open-LLC or Individual Entity
 MAXIMUM
LOAN-TO-VALUE (LTV)
- 80% LTV for Purchase
75- 80% LTV for cash out refinance
 Tell us your needs. Generally 75% or multiple property portfolios.
 MAXIMUM LOAN-TO-COST
(LTC), COST IS PURCHASE PRICE AMOUNT
 Time Owned :Constraint – < 90 days : 80% LTC – > 90 days : Full appraised value  Time Owned :Constraint – < 90 days : 80% LTC – > 90 days : Full appraised value
 WHEN DO WE USE LTV VS LTC?
- Purchase: Use lesser of LTV or LTC calculation
– Refinance: Use LTC until property has seasoned for 90 days, then use LTV
 – Purchase: Use lesser of LTV or LTC calculation
– Refinance: Use LTC until property has seasoned for 90 days, then use LTV
 CASH FLOW REQUIREMENT
 – <$250K value: Max 70% Property Debt-to-Income Ratio (PDTI)
– >$150K value: Max 85% PDTI
 – Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
– Interest Only Loan: DSCR of 1.20x Loans with-out DSCR are available!
Time lines 
 Less than 30 days  Less than 45 days
 PROPERTY TYPE
 Non-Owner Occupied: Single family residences, 2-4 family units, Condos, and Town-homes  Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Town-homes, and Multi-family properties 5 to 20 units

To review our full portfolio of Investment loan products or to run a quick loan scenario by a Independent Mortgage Expert please phone our lending team today at 866-310-1112 or just complete the brief details below for a free consultation!

 

Real Estate Investment Loans