Rental Loans

Rental Loans

Residential Single Asset Rental Property Loans

Landlords need a private source of capital for their rental portfolios that removes the red tape out of lending. No tax returns required or collected. Debt Service is calculated against the subject property only. 

  • Minimum Request: $100,000

  • Purchase or Refinance up to 80% Loan to Value. 

  • Unlimited Cash out Refinances! 

  • Low minimum debt service coverage of 1.30. 

  • Discounted Rates for a higher debt service coverage of 1.50 or higher. 

  • Rates starting at 5.25% to 8.90%! 

  • 5 Year ARM, 10 Year ARM, or 30 Year Fixed Rates available! 

  • Origination Fees starting at 2.0% to 3.75%. ($5,000 Minimum)  

  • Quick closings in 21 to 30 days. 

  • Collateral Type: 1-4 Units and Town homes only. 

  • 5 year Prepayment Penalty – 5% – 4% – 3% – 2% – 1%

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Residential Portfolio Rental Property Loans

When a landlord has accumulated a portfolio of properties, you need an understanding private money relationship that achieve the high leverage you need to continue growth. 

  • Purchase or Refinance up to 80% Loan to Value. 
  • Unlimited Cash out Refinances! 
  • Low minimum debt service coverage of 1.30. 
  • Discounted Rates for a higher debt service coverage of 1.50 or higher. 
  • Rates starting at 5.00% to 8.90%! 
  • 5 Year ARM, 10 Year ARM, or 30 Year Fixed Rates available! 
  • Origination Fees starting at 2.0% to 3.75%. 
  • Quick closings in 21 to 30 days. 
  • Collateral Type: 1-4 Units and Town homes only.
  • Minimum of 5 Assets must grouped into the loan. 
  •  5 year Prepayment Penalty – 5% – 4% – 3% – 2% – 1%
  • Partial Release built into the note, so you may detach and sell portions of the portfolio! 
  • Minimum Request: $1,000,000

OTHER RENTAL PROGRAMS

5/1 ARM 6.25 %+

*PRE-PAYMENT PENALTY:
3% - 2% - 1%

7/1 ARM 6.25%+

*PRE-PAYMENT PENALTY:
4% - 3% - 2% - 1%

10/1 ARM 6.75%+

*PRE-PAYMENT PENALTY:
5% - 4% - 3% - 2% - 1%

GENERAL GUIDELINES

  • Portfolio or Single Asset loans
  • 30 year loans, fixed for 5, 7, or 10 years
  • Interest only for fixed period
  • Min. FICO: 600
  • Max LTV: 75%-80% (Purchase, R & T, Cash-Out)
  • Property Types: SFR, 2-4 units, Condos, PUD’s, Townhomes
  • Loans to individuals or entities
  • Currently lending in CA, CO, FL, GA, HI, OR, NC, SC, TN, TX, UT, VA & WA; more states to come
  • Non-owner occupied only
  • Stabilized rental properties (leased or soon-to-be leased)
  • Bank statements only / no personal income verification
  • No DTI requirements for borrower
  • Non-Recourse available
  • Minimal DSCR requirements
  • Lender Fee: $1,395
  • No yield maintenance – sliding pre-pay only

Want more information? ---->

  • Tell us about your deal. 
  • Ready to move forward? 
  • Want to get terms?
  • Need to Apply for a loan?

Type of Loan Needed:

Disclosures:

Website Disclosure

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

This is not a commitment or an offer to lend, buy or sell securities, this website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change without notice and are 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 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. 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  is 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 Nevada operating in 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 to 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 without notice. No warranties are granted, nor should be implied. 

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