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(800)865-9011

BlackBurne & Sons

Long Term Rental Loan
Private-Money Commercial - LG491

BlackBurne & Sons

Summary of all Guidelines

Loan Types DSCR Loan
Property Types 2-4 Units, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $70,000
Loan amount Maximum $1,000,000
Interest Rate Minimum 9%
Interest Rate Maximum 13%
Points Minimum 1st TD 2
Points Maximum 1st TD 4
Terms 15 year, 5 year
Typical Days Required to Fund 31-40 Business days
Credit Score Min 580
Interest Only or Amortized Amortized and Interest Only Options available
Extensions Available Not Offered
Cross Collateralize Blanket Yes
Lien Position 1st
Max Points Charge by Broker No max
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Tenant
Fixed or Adjustable Fixed
Recourse Recourse
Updated as of 2024-03-14
These descriptions are limited information and meant for general reference purposes.