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RENTAL LOANS

OVERVIEW

  • Rental loans are a great way to finance investment properties that produce cashflow
  • Targeted for Buy and Hold investors
  • Ideal source of long-term financing
  • Refinance a Bridge Loan upon property stabilization
  • Avoid the traditional bank process and still achieve low long-term financing

RATES

  • 4-6% annually
  • Interest only option available
  • 1% origination fee

LOAN TERMS

  • up to 30 Year Fixed Rate
  • Interest only options available
  • ARM (i.e. 5/1 or 7/1) options available
  • First Lien Only
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  • New appraisal to be ordered by The Mutual Finance Company
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  • Can accept existing appraisal on a case-by-case basis
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  • Insurance policy (TMFC should be loss payee and additional insured)
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Nationwide