Rental Loans

Rental Loans

SHORT TERM RENTAL  

 
 
Short Term Rental
 
  • Non-Owner Occupied 1-4 Single Family Homes, Condos, Townhomes, 5+ Unit Apartments & Mix-Use properties

  • 24-Months (12-Month Extension Available) * Fees apply

  • Loans from $75k to $2.M Non-Owner Occupied 1-4 Single Family Homes, Condos & Townhomes

  • $250k to $3M Multifamily  & Mix-Use properties
 

LTV

 
  • Purchase The Lesser of up to 70% of the AS-IS Value or Up to 70% Loan To Cost

  • Refinance up to 65% of the AS-IS Value 

  • Cash-Out up to 60% of the AS-IS Value

  • Rates Start at 8.75%

  • Minimin Credit Score 650

  • Points 2.5 to 3.50

 

Minimum property Value

 
  • $75k for Single Family 

  • $50k Per unit 2-4 Single Family

  • $50k Per unit for Multifamily 5+ Units & Mix-Use

 

Rent Coverage Ratio 1.25 (DSCR)

 
 
 

Long Term rental

 
 
  • 30-Years, Fully Amortization

  • Non-Owner Occupied 1-4 Single Family Homes, Condos, Townhomes, Planned Unit Developments (PUDs)
  •  Rates Start at 7.00%

  • Points 2.5 to 3.50

  • Minimum Loan amount $55k

  • Minimum Property value $100k 

  • Max Loan Amount $1M 

  • Minimum Credit Score 680

 

LTV

 

  • Purchase The Lesser of up to 65% of the AS-IS Value or Up to 65% Loan To Cost

  • Refinance up to 65% of the AS-IS Value 

  • Cash-Out up to 60% of the AS-IS Value

 

Property Value

 

  •  AS-IS Appraised Value Must BE Greater Than $100k

  • Single Family Homes

  • Refinance

  • Cash Out Refinance

 

Debt Service Coverage Ratio (DSCR)  

 
  • For property Values <$150k 1.33x
  • For property Values   $150k + 1.25x
 
 

Borrower Liquidity 

 
  • 6 months of Required PITIA Reserves
 
 

Foreign Nationals Welcome

 
  • Purchase The Lesser of up to 65% of the AS-IS Value or Up to 65% Loan To Cost

  • Refinance up to 55% of the AS-IS Value 

  • Cash-Out up to 50% of the AS-IS Value

Request preliminary terms or Submit a Loan NOW?

By attending this website (www.expediahomes.com), any visitor is hereby expressing and/or accepting: 

This is not a commitment or offer to lend, buy or sell any securities. This website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes,  LLC, www.expediahomes.com  LLC’s investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation by the investor. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained.  Brokers and, or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC  uses a private source of capital, therefore your information will not be shared with the general public on any marketing information. 

Expedia Homes, LLC is a limited liability company out of the State of Texas. Expedia Homes, LLC indirectly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does its best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied. 

This page is intended to be used as an outline for discussion purposes only and relies upon, amongst other things, the accuracy of  the information entered by the applicant. All loan requests are subject to a full underwriting and due diligence review upon the submission of a complete loan file from the applicant, and the proposed terms and conditions may change based on the results of this review. Nothing herein represents a commitment, agreement, or obligation from Expedia Homes, LLC to lend money under these or any other terms.

 The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

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