Single or Portfolio Rental Home Loans

Many borrowers and Principals have seen strong equity growth on their non-owner properties in California and throughout the US.  We deliver great lending programs for borrowers who seek a cash-out refinance or debt restructure of one home or many using “lite documentation”.

We offer blanket mortgages as well and Fast Private Cash-Bridge Lending to get equity out of investment properties our Borrowers and Principals own, with limited documentation, as needed. We understand where to find aggressive, less hassle asset based loans.

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.

We deliver to Real Estate Investors a ” Common Sense” Loan Product Line and Technology for fast and cost-effective Loan closings. (Visit a couple samples below).

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 in Vista, Rancho Cucamonga, Murietta as well as the whole state of California.  This allows us to be very competitive in pricing as well.

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. We are often able to close these loans in 21 days or less once we have documentation.

To reach a Independent Mortgage Expert please contact us direct at 866-310-1112. If you seek to just start a new Real Estate Loan Application simply click here.

 Here are a couple asset based loans for landlords. 
Option A

PORTFOLIO RENTAL LOAN
Cross-Collateralize multi-family and single-family rental assets across all 50 states.
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 Yield Maintenance Up to last 6 months of term
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-Warrant-able & Condo Conversions OK

Option B

PORTFOLIO RENTAL LOAN
Minimum FICO 620 w/o BK’S, Foreclosures, Etc. in last 3 years

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 requiredNo tax returnsNo limit on number financed

80% Max purchase LTV

75-80% cash out

LLC or Individual

  Open-LLC or IndividualEntity
 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 1.20xLoans 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.

866-310-1112 or just complete the brief details below for a free consultation!

 

Real Estate Investment Loans