Residential Fix and Lease

Residential Fix & Lease – Rental properties are a great source of steady income. If you’ve found a property in need of rehab before it can be leased, this loan program is a great option. Borrow between $50,000 up to over $2.5 million across 18 months for your fix and lease project. See additional loan details and requirements below.

Residential Fix & Lease

  • Term 18 Months
  • Loan Amount $50k to $2.5M+
  • LTV Up to 85% of the purchase price;
    Up to 65% Refinance;
    Up to 50% Cash-Out

  • FICO No set minimum
  • Property Types Non-owner occupied 1-4 family residential
  • Property Type Exclusions Owner Occupied
  • Pre-Pay Penalty 2% Prior to Month 9
  • Termination Fee N/A
  • Extension Fee 2% for 6 Months