If you own more than 10 properties, you are probably well aware that most lenders have cut-of points to people who own that many properties. We have special portfolio loans available that can close on these tyoe of deals in no time.
This area of financing is not easy to find as there are certain restrictions on other properties you own as well as the individual borrower's financial profile.
The borrower qualifies based upon the cash flows of only the subject property, regardless of the number of no matter how many properties are owned by the borrower
- No borrower income or employment is stated or verified
- Debt coverage ratio is used for qualifying purposes
- Minimum 680 credit score
- 4506T not required
- Debt to Income (DTI) Ratio not calculated