This product is a great bridge financing option for real estate investors looking to acquire or refinance rental properties into an interest only loan with no prepayment penalty. It has no debt service coverage ratio (DSCR) and was built to help our investors through a high interest rate environment. Loans could be closed in two weeks or less.
Loan on a single rental property not based on DSCR
Single-family (1-4 unit), condo, townhome
Up to 100% of cost, 75% of value
24 month term (interest only, no prepayment penalty)
$75k – $2M
Purchase or refinance
