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Bayport Funding

Long Term Rental Loan
DSCR - LG331

Bayport Funding

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.