Rental Portfolios Loan Products
Streamlined processes for optimal funding flexibility.
RBK GFS Simplifies Portfolio Loans
RBK GFS Rental Portfolio loans provide a reliable and flexible funding solution for landlords managing a collection of 1-4 unit residential properties.
Rental Portfolio Loan Terms
Loan Term Options
- 30-year fixed-rate mortgage (fully amortizing).
- 5/6, 7/6 and 10/6 hybrid ARM (partial interest-only or fully amortizing options).
Lease Requirements
- Minimum 90% occupancy rate by unit count.
- Leased Units: Based on the lower of in-place rent or market rent.
- Unleased Units: 90% of market rent (for purchase loans only).
Recourse
Full recourse with equity pledge of the borrowing entity.
Purpose
Blanket loans for purchase, rate-term refinance or cash-out refinancing of rental property portfolios.
Borrower and Property Details
Minimum FICO
680
Borrower Type
Loans available to registered entities only.
Eligible Properties
Non-owner occupied, single-family residences (SFR), 2-4 unit properties, warrantable condos, townhomes and PUD.
Vacancy Requirement
Minimum 90% occupancy rate by unit count.
Exclusions
Rural properties and vacation/seasonal rentals are not permitted.
Financial Terms
Maximum Loan-to-Value (LTV)
- Up to 80% for purchase and refinance loans.
- Up to 75% for cash-out refinancing.
Debt Service Coverage Ratio (DSCR)
Minimum of 1.20x (net cash flow/debt service).
Loan Amount
- Minimum property value: $100,000.
- Maximum loan amount: $2,000,000.
Seasoning Requirement
180-day seasoning period to use property value instead of cost basis.
Solutions we Provide
Diverse Loan Terms and Options
Access a variety of terms, including 5, 10 and 30 years, with fixed-rate or hybrid ARM options and partial interest-only periods.
Customizable Solutions
Non-recourse options ensure flexibility for unique borrower needs.
