BLANKET MORTGAGE PROGRAM FOR RENTAL PROPERTIES

Our Blanket Mortgage Program for your Rental Properties is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.

Key Product Facts

  • Commercial loan is underwritten on property cash flow
  • No personal income verification
  • No limit to the number of properties that can be financed
  • Designed for buy-and-hold investors
Loan Purpose
  • Take cash out of an existing portfolio to buy more properties, or
  • Refinance or consolidate multiple rental loans
Interest Rate
  • 5.50% –  7.99%
Minimum Property Value
  • Multi-family 5-20 units: $30,000 per unit
  • Other property types: $50,000 per unit
Term
  • 5 years or 10 years with balloon due at end of term
  • Option to amortize up to 30 years, with an interest-only option available
Borrower Type
  • LLC
Maximum Loan-to-Value (LTV)
  • 75% LTV for a fully amortized loan (80% for Purchase, 75% max Cash-out, 90-day seasoning)
  • 70% LTV for an interest-only loan
Maximum Loan-to-Cost (LTC),?Cost is purchase price amount      Time Owned: Constraint

  • < 90 days: 80% LTC
  • > 90 days: Full appraised value
When do we use LTV vs LTC?
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until the property has seasoned for 90 days, then use LTV
Cash Flow Requirement
  • Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
  • Interest Only Loan: DSCR of 1.20x
Rehab/Construction Financing      N/A
Property Type Non-Owner Occupied: Single-family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties 5 to 20 units

 

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Commercial Capital Funding Solutions, LLC

OUR OFFICES

14735 Calusa Palms Drive #204
Fort Myers
FL 33919

21031 Ventura Blvd., Suite 415
Los Angeles
CA 91364