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4+ Financed Properties

Scenario Hotline: 480-553-5555

4 or More Financed Properties?

Interstate Mortgage is excited to launch a new program designed to help real estate investors who no longer qualify for Fannie Mae since they have more than 4 financed propertes in their real estate portfolio.  This new loan program allows for unlimited financed properties and applies a make sense underwriting approach.  Your personal tax returns are no longer needed and the program focuses on the portfolio not you as the owner.  Below you will find some key features of this new program:

  • Minimum Loan Size is $500,000 and 5 doors/units
  • Properties must be in LLC.
  • Non-Recourse is available depending on portfolio strength.
  • 5 year and 10 year term with 30 year amortizations
  • Typicall closing times are 45 days.
  • No personal tax returns or min. credit scores required
  • Max LTV is 75% (must meet DSCR of 1.20x and Debt Yield of 8%)
  • These rental properties can consist of single family homes, condos, townhouses, 2-4 unit multifamily, apartment buildings and mixed use with up to 40% commercial or any combination of the above

Call today for a no obligation quote based on your scenario.  This program is key for investors that no longer fit the box of Fannie/Freddie.  Locking in historically low rates on your portfolio is key to your future success as a real estate investor. 

Call Today

480-553-5555

 

 

 

 

 

 

 

 

 

Interstate Mortgage Service, Inc. NMLS #89235
25062 South 190th Street, Queen Creek, AZ  85142
Office:  (480) 553-5555
ryan@interstatemortgage.net
Copyright © 2017 Interstate Mortgage Service, Inc. NMLS#: 37053. Go to www.nmlsconsumeraccess.org to verify licensing.

AZ MB#0903034, CO-LMB1000025794, NM03714, OR ML-4838, WA ML-37053
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