Rental

5/ 1 ARM

6.25%+

*PRE-PAYMENT PENALTY:
3% – 2% – 1%

7/1 ARM

6.50%+

*PRE-PAYMENT PENALTY:
4% – 3% – 2% – 1%

10/1 ARM

6.75%+

*PRE-PAYMENT PENALTY:
5% – 4% – 3% – 2% – 1%

Long-term financing for the aggregation of stabilized rental properties. CIVIC delivers speed, leverage, and consistency to both highly experienced and new real estate investors.

GENERAL GUIDELINES

  • Portfolio or Single Asset loans
  • 30 year loans, fixed for 5, 7, or 10 years
  • Interest only for fixed period
  • Min. FICO: 600
  • Max LTV: 75%-80% (Purchase, R & T, Cash-Out)
  • Property Types: SFR, 2-4 units, Condos, PUD’s, Townhomes
  • Loans to individuals or entities
  • Currently lending in CA, CO, FL, GA, OR, NC, SC, TX, UT & WA; more states to come
  • Non-owner occupied only
  • Stabilized rental properties (leased or soon-to-be leased)
  • Bank statements only / no personal income verification
  • No DTI requirements for borrower
  • Non-Recourse available
  • Minimal DSCR requirements
  • Lender Fee: $1,195
  • No yield maintenance – sliding pre-pay only