Portfolio Rental Loans - Bander Mortgage Team - Solutions Financial

Portfolio Rental Loan

Use our Portfolio Rental Loan to unlock equity and grow your rental business.

Our Portfolio Rental Loan¹ 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.

Grow Your Rental Portfolio with Bander Mortgage

No personal income verification or tax returns needed!

Standard

Blanket loan for 5+ rent-producing units
5, 7, or 10 year terms with balloon, IO available
Declining points pre-payment option
No capital expenditures
Minimum 680 FICO

Express

Blanket loan for 2+ rent-producing units
30 year term, fully amortized
Declining points pre-payment option
Minimum property value of $100K
Blanket loans from $200K to $3MM
Minimum 680 FICO

	Standard Portfolio Rental Loans	Express Portfolio Rental Loans
Loan Purpose	Purchase or refinance a portfolio of rental properties Refinance and acquire properties under the same transaction	Purchase or refinance a portfolio of rental properties Refinance and acquire properties under the same transaction
Borrower Type	Entity (Special Purpose Entity) Must be a Newly Formed LLC only, unless LLC was used exclusively for a previous FACo loan transaction	Entity (Single Purpose Entity, existing or newly formed)
Equity Pledge	Pledge of Equity from the owner is required	No Equity Pledge required
Interest Rate¹	Call for quote	Call for quote
Term	5-, 7-, or 10-year with ballon due at end of term	30-year fixed
Amortization	Full amortization up to 30 years, with interest-only option available	Full amortization
Minimum FICO	660 (all Guarantors)	640 (all Guarantors)
Maximum Loan-to-Value (LTV)⁴	Up to 75% on purchase, limited cash-out refi, and cash-out refi³	Up to 80% on purchase / limited cash-out refi, and 75% on cash-out refi³
Loan Amount	$750K - $10MM ($500K minimum if 5+ unit property included)	$200K - $5MM ($100K minimum property value)
Property or Unit Acquisition Minimum	5 units per loan	2 units per loan
Experience	No first-time homebuyers	No first-time homebuyers
Foreign Nationals	Not allowed from ineligible country list LTV is limited to 65%	Not allowed from ineligible country list LTV is limited to 70% on purchase/limited cash-out and 65% on cash-out
Property Type	Non-Owner Occupied: Single Family Residences (SFR) 2-4 unit residences Condominiums: warrantable and non-warrantable (with reduced leverage) Townhomes Planned Urban Developments (PUD) Multi-family, 5-20 units	Non-Owner Occupied:¹⁰ Single Family Residences (SFR) 2-4 unit residences Warrantable condos Non-warrantable condos (max 65% LTV) Townhomes Planned Urban Developments (PUD) Multi-family, 5-8 units

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