Bayport Funding

Long Term Rental Loan
DSCR
Program #LG331

Summary of all Guidelines
Loan Types	DSCR Loan
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$125,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	8%
Interest Rate Maximum	10.75%
Terms	5 / 6 month ARM, 30 year, 40 year
Credit Score Min	680
Interest Only or Amortized	Amortized and Interest Only Options available
Entities	Corp - Corporation, LLC - Limited Liability Corporation, Individual
Lien Position	1st
Prepayment Penalty	1 year, 2 years, 3+ years, 5,5,5,5,5
Documents needed	Appraisal, Lease Agreements, Rent Roll
Intended Occupancy	Tenant
Special Features	40 year I/O, 40 year loan term available, Foreign National, Non-warrantable condos permitted
Reserve Requirement	12 months
General Pricing or Guideline info	SINGLE RENTAL PROPERTY LOANS Individual rental properties 1-4 units, townhouses $100K – $5M Up to 75% of value Fixed rates 30 year term Pre-pay penalty: 1-5 year options No tax returns required LLCs or Corporations Foreign nationals eligible RENTAL PORTFOLIO LOANS 2+ rental properties Single family, 2-4 Units, or townhouses $250K-$5MM Up to 75% of value 30 yr Fixed Rate 30 year amortization Pre-pay penalty: 1-5 year options No cash management required LLCs or Corporations Foreign nationals eligible
Updated as of	2023-11-14

SINGLE RENTAL PROPERTY LOANS
Individual rental properties

1-4 units, townhouses

$100K – $5M

Up to 75% of value

Fixed rates

30 year term

Pre-pay penalty: 1-5 year options

No tax returns required

LLCs or Corporations

Foreign nationals eligible

RENTAL PORTFOLIO LOANS
2+ rental properties

Single family, 2-4 Units, or townhouses

$250K-$5MM

Up to 75% of value

30 yr Fixed Rate

30 year amortization

Pre-pay penalty: 1-5 year options

No cash management required

LLCs or Corporations

Foreign nationals eligible

These descriptions are limited information and meant for general reference purposes.