Rates as low as 5.35%
Unfortunately at this time we are not accepting additional rental loan applications.
Current loans in progress will continue through processing.
DLP Direct Lending Partners’s Rental Loan Program provides experienced real estate investors an opportunity to purchase, refinance or cash-out on 1-4 unit residential properties. The Rental Loan Program was built from the ground up with the intent of providing our partners with up to 30 year terms, flexibility of financing, and the ability to create long term wealth through strong cash flowing portfolios.
|Loan Term||5/1 ARM; 7/1 ARM; 30yr Fixed|
|Property Type||SFR, 2-4 Unit, PUD, Townhouse, Warrantable Condo, or Mixed Use|
|Location||AL, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MO, NC, NE, NJ, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY; other states are case by case and subject to adjusted pricing and guidelines|
|Loan Amount||$75,000 – $2,000,000|
|Interest Rate||Rates as low as 5.35%|
|Prepayment Penalty||3 year (3% – 2% – 1%)|
|Borrower Type||US Citizens, First Time Investors, Permanent Resident Aliens, Non-Permanent Resident Aliens, Foreign Nationals, Revocable Trusts, Land Trusts, LP, GP, or Corporations|
|Guaranty||Personal Guaranty Required|
|Personal Income Requirements||N/A – no personal income used for qualification|
|Minimum DSCR||1.10x for standard program; DSCR below 1.10x may be considered for a reduction in leverage and higher FICO requirement|