RENTAL PORTFOLIOS
Roc Capital Makes Rental Loans Easy
Rental Portfolios Terms
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Property Types
Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
5-8 Unit Properties allowed up to 15% of Loan Amount -
Loan Amount
$150,000 - $50,000,000
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Loan Types
30-Year term, Fixed Rate Mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing) -
Recourse
Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity
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MAXIMUM LOAN TO COST
If Owned less than 3 months: 80% of Total Cost Basis
If Owned between 3 and 6 months: additional 5% haircut on Max Eligible LTV -
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO)
Purchase/Rate-Term Refinance: 80%
Cashout Refinance: 75% -
MINIMUM DEBT SERVICE COVERAGE RATIO
For portfolios with <=$2MM AND <=10 properties: 1.00x - For all other portfolios: 1.20x
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TERM LENGTH
5, 10, and & 30 Years
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Minimum Guarantor FICO
For portfolios with <=$2MM AND <=10 properties: Mid-Score of 660 - For all other portfolios: Mid-Score of 680
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Lease Requirements
Minimum Occupancy Rate of 90% by Unit Count
- Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
- Unleased Units: 90% of Market Rent (Purchase Loans only)
The widest range of terms and options
5, 10, and 30-year term, fixed rate or hybrid ARMs, partial IO available, non-recourse.
Ultra competitive rates and leverage
Borrower-friendly rates and full leverage available 90 days post purchase with no further rent roll seasoning required.
Fund portfolios of all shapes and sizes
FAQs
lenders
US states
in funded loans
Working with Roc Capital is as
easy as 1-2-3
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