RENTAL PORTFOLIOS
Roc Capital Makes Rental Loans Easy
Rental Portfolios Terms
PROPERTY TYPES | ■ Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos ■ 5-8 Unit Multifamily and Eligible Mixed Use Properties allowed up to 15% of Loan Amount |
LOAN AMOUNT | $150,000 - $50,000,000 |
LOAN TYPES | ■ 30-Year Fixed Rate Mortgage (Fully Amortizing) ■ 5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing) |
MAXIMUM LOAN TO COST | If Owned < 3 months, 80% of Total Cost Basis |
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO) | ■ Purchase/Rate-Term Refinance: 80% ■ Cashout Refinance: 75% |
MINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE) | ■ For portfolios with ≤ $2MM AND ≤ 10 properties: 1.10x (Gross Rent/PITIA) ■ For all other portfolios: 1.20x (Net Cash Flow/Debt Service) |
TERM LENGTH | 5, 10 & 30 Years |
RECOURSE | Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity |
MINIMUM GUARANTOR FICO | ■ For portfolios with ≤ $2MM AND ≤ 10 properties: Mid-Score of 660 ■ For all other portfolios: Mid-Score of 680 |
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
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