The smart, easy way to build a rental property and then to hold it as a rental. Or FIX TO RENT, we provide a year to rehab or build a property before running it as a rental. One loan closing. Great terms. Great rates. Consistent service - we fund and hold our loans on balance sheet. Rates shown assume 740+ credit, if 700-739, 680-699, or 660-679 credit add 0.2%, 0.4%, or 0.9%, respectively.

Want a loan for an existing rental property? Explore existing rental property loans.

BUILD TO RENT TERMS

SIZE
Loan Size
$100,000 - $2,500,000
Loan-to-Cost 88% subject to qualifications
STRUCTURE

Term

5 Years + 2 Year Extension OR

10 Years + 2 Year Extension

Build Phase

1 year for construction
Recourse Full
Payment

Year 1: Interest only with interest reserve

Years 2 and later: 30 year amortization or interest only available on 7 year

COSTS
Origination Fee 2%
Interest Rate

4.9% fixed for 5 Years +2 Years floating
OR
5.2% fixed for 10 Years +2 Years floating

Rate during an extension is floating at the greater of Prime +1% and the original fixed rate

Interest Only

Year 1 on all. Full term available on 7 year, add 0.25% to rate.

Other Third-party costs, $500 closing fee