Rental Portfolio Loans for Multiple Properties
Consolidate multiple rental properties into one monthly payment:
Consolidate multiple rental properties into one a rental portfolio loan with one monthly payment. Here’s how one loan from one lender will benefit you:
- One monthly payment
- One lender
- Increase monthly cash flow
- Single point of contact
- Competitive Rates
- Tangible cost savings
- Build lender relationship
Benefits of working with us:
- Rates start at 6.75%
- Single loan consolidation
- Flexible terms
- Interest only options
- No unnecessary paperwork
- No personal income verification
- No personal tax returns
Rental Portfolio Lender Criteria & Documentation
Traditionally, a portfolio lender originates the loans in-house and does not resell it on the secondary market. This means that portfolio lenders can be more flexible with their loan terms since they can take on more risk.
Benefits of a Rental Portfolio Financing
Operational Efficiency
A blanket loan helps you avoid dealing with different financial institutions. Rather than spending time on different loan processes, you can focus on real estate investing.
Competitive Rates
Larger real estate portfolio’s signal more borrower experience. While FICO credit scores are an interest rate factor, borrower experience can help reduce it further.
Peace of Mind
Avoid dealing with multiple loans, multiple lenders and the requirements that many lenders place on individual rental properties.
Increase Cash Flow
Larger rental portfolio’s show private lenders that you’re experience. This translates to lower interest payments and lowers your monthly payment if you don’t cash-out refinance.
Tangible Cost Savings
Reduce your loan origination fees and insurance when bundling multiple properties into one consolidated rental loan.
Take on Additional Risk
A popular investment strategy is to consolidate multiple loans under a single portfolio umbrella and cash out refinance. Then, purchase an additional rental property.
What is a Rental Loan?
A 30-year rental loan is a fixed-rate loan option, designed for real estate investors to purchase or refinance an individual investment property. After funding, real estate investors rent out the individual units to long-term tenants or vacation rentals.
The rental income generated from the property is used to pay off the loan over time. Typically, these are rate and term or cash-out refinance type loans. Since these hard money loans are typically for business purpose, no personal income verification is required.
Rental loans for individual investment properties use potential monthly cash flow, FICO credit scores and minimal documents to approve or deny applicants.
What is a Rental Portfolio Loan?
Real estate investors use rental portfolio loans to refinance multiple investment properties into one loan. Rather than maintaining relationships with multiple private lenders, you only deal with one financial lender.
SFR portfolio loans are considered one of the best investment strategies to grow your rental portfolio and maximize loan terms in your favor.
Rental Portfolio Loans vs Conventional Mortgages
When real estate investors start out, they typically go with conventional mortgages because they’re familiar. A traditional loan is based on your personal income, tax returns, employment history, financial stability, annual debt service, capital expenditure reserves, credit report and relationship to the bank.
Hard Money Portfolio Loans
Investment property loans are originated by hard money lenders. They do not require capital expenditure reserves, bank statements or a cumbersome underwriting process. Asset-based loans come with higher fees and competitive rates.
Borrower Qualifications
- Property value (not cost basis)
- Fair market rent
- Monthly cash flow
- Rental track record
- Borrower’s experience
- Debt service coverage ratio
- Credit score
- Must be a business entity
Conventional Mortgage
Conventional lenders are traditional banks, such as Chase, Citi Bank, Bank of America, etc. Traditional mortgage comes with lower interest rates, but are not designed to grow real estate portfolios.
Borrower Qualifications
- 2 years of tax returns
- 2 years of W-2’s
- 2 years of bank statements
- Credit report
- Credit score
- Fannie Mae guidelines
- Ability to pay for your primary residence monthly mortgage payment and rental property loan.
Curlee Capital LLC
Curlee Capital LLC specializes in individual unit rental loans and rental portfolio loans. We’re part of the Real Estate Council in Austin (RECA), Austin Chamber of Commerce and many other real estate associations across the United States. We proudly maintain an A+ rating on Better Business Bureau.
We work with dozens of rental portfolio lenders. Every private lender has a different risk tolerance and approves different borrowers. Our expertise is in matching a borrower to a lender who will approve a loan with the best loan terms and interest rates for that specific scenario.
Apply for a Rental Portfolio Loan
Contact us to consolidate your rental portfolio.
Contact us to get:
- Free consultation
- Portfolio ender expertise
- Less than 1 hour response time
- Up to 80% LTV
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