Rental Loans

The PCFC Group can help you get financed to purchase or refi single-family houses, 2 to 4 units, condos or apartments to hold as investment properties, short or long term. The terms and rates listed below are examples of what you could receive for your particular loan. All loan programs, terms and rates are based on property valuation and borrower credit. Your first step is to review the underwriting guidelines for these loans. Download a free copy now.

THE LANDLORD SHORT TERM LOAN

Loan Use: This loan is available to real estate investors who buy single-family houses, 2 to 4 units, condos or apartments to hold as investment properties and only need a short term loan.

Minimum Loan Amount: $50,000 | Minimum FICO Mid-Score: 660 | Prepayment Penalty: 5%

Prepayment penalty is 5% of unpaid balance within first 6 months. Minimum property value is $75,000.

DSCR: only 1.25 and higher | Loan to Value: Up to 75% | PCFC Group Fee: $750.00

LTV offered is determined by borrower credit rating (see below). $500 Processing Fee paid at Closing.

Term: 2 Year, Interest Only Balloon | 1 year extension is available for 1% fee

Types of Financing: Purchase, Refinance Rate and Term, Cash Out

Interest Rates

FICO

50% LTV

50.01-55% LTV

55.01-60% LTV

60.01-65% LTV

65.01-70% LTV

70.01-75% LTV

740+

7.0%

7.1%

7.2%

7.4%

7.65%

7.90%

700-739

7.2%

7.3%

7.4%

7.6%

7.85%

8.10%

680-699

7.4%

7.5%

7.6%

7.8%

8.05%

660-679

7.45%

7.55%

7.8%

8.0%

 

THE LANDLORD 30 YEAR FIXED LOAN

Loan Use: This loan is available to real estate investors who buy single-family houses, 2 to 4 units, condos or apartments to hold as investment properties and who are looking for a long term fixed interest loan.

Minimum Loan Amount: $50,000 | Minimum FICO Mid-Score: 660 | Prepayment Penalty: 5-4-3-2-1

Prepayment penalty is 5% in year 1, stepping down 1% every year thereafter. After year 5, there is no penalty.

Minimum property value is $75,000 single collateral loans / $60,000 on portfolio loans.

DSCR: only 1.3 and higher | Loan to Value: Up to 75% | PCFC Group Broker Fee: $750.00

LTV offered is determined by borrower credit rating. $500 Processing Fee paid at Closing.

Term: 30 Year Fixed or 5/1 ARM (5-Year Fixed, 30-Year Term, No Balloon), Full amortization

Types of Financing: Purchase or Refinance

Interest Rates for the 5/1 ARM

DCSR > 1.5

DSCR 1.3 – 1.5

LTV

60% LTV

60.01-65

65.01-70

70.01-75

740+ FICO

5.25%

5.45%

5.55%

5.40%

720-739

5.75%

5.80%

5.85%

5.70%

700-719

5.95%

6.00%

6.10%

6.25%

660-699

6.45%

6.55%

6.95%

60% LTV

60.01-65

65.01-70

70.01-75

5.30%

5.65%

5.75%

5.85%

5.95%

6.00%

6.05%

6.15%

6.16%

6.20%

6.30%

6.70%

6.65%

6.75%

7.15%

Interest Rates for the 30 Year Fixed

DCSR > 1.5

DSCR 1.3 – 1.5

LTV

60% LTV

60.01-65

65.01-70

70.01-75

740+ FICO

6.99%

7.20%

7.30%

7.40%

720-739

7.50%

7.55%

7.60%

7.70%

700-719

7.70%

7.75%

7.85%

8.25%

660-699

8.20%

8.30%

8.70%

60% LTV

60.01-65

65.01-70

70.01-75

7.05%

7.40%

7.50%

7.60%

7.70%

7.75%

7.80%

7.90%

7.90%

7.95%

8.05%

8.45%

8.40%

8.50%

8.90%

THE MULTIFAMILY STABLE BRIDGE LOAN

Loan Use: This loan is available to real estate investors who want to buy or refinance apartment buildings (5 units or more) that are stable.

Minimum Loan Amount: $250,000 | Minimum FICO Mid-Score: 660 | Prepayment Penalty: 5% first 6 months

Maximum loan amount is $5,000,000.

DSCR: 1.2 minimum | PCFC Group Broker Fee: $750

No “as-is” occupancy requirements. $500 Processing Fee paid at Closing.

Term: 2 Year Interest Only/12 mo ext available | Lender Origination Fee: 1.5% to 2%

Types of Financing: Purchase, Refinance, or Refi/Cash Out

Max Leverage: 75% for Purchase, 70% for Refinance, 55% for Cash Out if owned F&C

Lending Areas: All major metros, sub metros, and small market areas. Non-lending areas include rural and high risk areas.

Minimum Liquidity Requirement: Combined borrower liquidity must be 6 months worth of monthly debt service payments.

Underwriting Criteria: Borrower must have experience in multifamily/commercial flips or ownership. Property must be stabilized.

Borrower Liability: This is a full recourse loan. Each person within the borrowing entity must sign a personal guarantee for the loan.

Post Approval Deposit: This covers appraisals, environmental, inspection, and some additional lender due diligence. Remaining funds will be reimbursed if loan does not fund. Deposit requirement varies by loan size.

Interest Rates

Level

Credit

Ownership/Exper

Rate

Origination Fee

1

660 to 699

Moderate

8.10%

2.00%

2

700

Strong

7.50%

1.50%

Be sure to download our most up-to-date loan guide using the button below!

DOWNLOAD OUR LOAN GUIDE


Dear Investor, feel free to review our loan programs listed in our program book. I think you will be excited by what we have to offer! After a review, download our loan application. I look forward to working for you! Feel free to call me at 804-658-7179 or send me an email message to troy@pcfcgroup.com.Troy Ross, Private Money Broker