Residential Rental Loans
For financing options on both long-term and short-term rental (STR) properties, Clontz Capital’s Rental loans encompass a nation-wide lending solution for a broad spectrum of single-family, 1-4 unit, condo, and townhome real estate properties for LLCs, LPs, and Corporations. With connections to the nation’s top lenders for long-term financing on short-term vacation rental properties, our Rental loans also feature:
- Market rates or better
- Loan amounts from $75K – $4M
- Up to 80% LTV
- 680+ FICO – 1.1 DSCR and above at Interest Only payment
- Purchases, refinances and cash-outs
Our goal is to expand your rental property portfolio with an extension into any rental opportunity you come across, whether it is a long-term residential rental or a short-term vacation rental – all with the best rates to get to an investment property loan that works for you.
We accomplish this by providing non-traditional options – such as our DSCR loans that are calculated on the properties ability to cover its expenses rather than qualifying payment based on your income. We offer primary loan options like 30-year fixed and ARM, or adjustable-rate mortgages, with 5 and 10 year interest only periods to finance your project based on the need of your rental property investment.
And, since Clontz Capital knows that loans are not a one-size-fits-all product, we offer flexible plans and solutions so that you get the best product to fit your needs. With purchase financing, rate and term refinancing, and cash out refinancing options available, we’ll make sure you get the most relevant loans for your project, your budget, and your rental property.
If you have a STR or LTR property that needs financing, contact us today for a consultation call.
Project Qualifications
- 1.1 DSCR and above at Interest Only payment
- Must have ability to qualify based on market rent
- No rural areas
- Loans under $4 million
- Lot size must be less than 5 acres
- Must be zoned residential
- 3 month seasoning period for refinances
Borrower Qualifications
- 680+ FICO
- No late mortgage payments in the last year
- No bankruptcies or foreclosures in the last 7 years
- No financial crimes or fraud on background report
