Long Term Rental Loan
Host Financial’s asset-based long term rental program is tailored for the investor that wants to scale their real estate portfolio without worries of being tied down by their Debt-to-Income Ratio. We take an asset-based approach to qualify your loan by looking at the lease or potential market rent of the property instead of your personal income. No W2s, tax returns, or personal income verification means fewer documents for underwriting which results in faster closings. These simple and easy qualifications reduce the barriers to purchase and allows you to scale into multiple properties quickly.
Lending to Individuals, LLCs, Trusts, and Corporations.
To get quoted know your:
- Market rental rate or tenant lease amount
- Liquidity
- Property Value and Purchase Price
- Average FICO score of all investors involved
Eve Paul
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Host Financial
2020-06-17T12:01:25+00:00
Director
https://hostfinancial.com/testimonials/eve-paul/
Larry Lawrence
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Host Financial
2020-06-17T12:02:31+00:00
General Manager
https://hostfinancial.com/testimonials/larry-lawrence/
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Host Financial
Asset Types
Loan Terms
- Loan Sizes: $100k up to $3.5 Million
- Purchase LTV: Up to 80%
- Rate & Term Refinance LTV: Up to 80%
- Cash Out Refinance LTV: Up to 75%
- Amortization: 30 Year Amortization Schedule
- Terms: 5/1, 7/1 ARMs, 10 Year Interest Only, and 30 Year Fixed
- Rates: 6.75%+ base rate (subject to change daily due to market volatility)
- Full Recourse with personal guarantee required on all owners with majority shares (typically 20%+ or 25%+)
- DSCR Requirement: 1.0 or greater depending on loan size and property type
- Vesting: Lending to Individuals, LLCs, and Corporations
- Average Time to Close: 14 to 35 days
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