LONG-TERM RENTAL LOANS

30-Year Fixed

Long term financing for the purchase and refinance of non-owner-occupied rental properties.

Are You Looking to Acquire a property to Hold for as a Rental Asset?

Fast Private Lending LLC is dedicated to Client’s future investments by providing our borrowers a versatile and competitive Long-Term Rental loan program. Our Long term Rental program offers the investors a 30-year term and rates starting at 3.75% to make certain that our clients have Viable long-term financing alternatives.

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

Amortization Options:

30-Year Fixed,
Hybrid ARMS (5/1, 7/1, 10/1), &
5 & 10 Year Interest-Only

Loan Amount:

$50k – $2M

Rates

Starting at 3.75%

LTV:

Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value

Property Values:

“As Is” Appraised Value Must Be $75k or Greater (Geographical Restrictions May Apply)

Debt Service Coverage Ratio (DSCR):

1.10

Minimum FICO:

620

LONG-TERM RENTAL LOAN PROGRAM

PURCHASE

FICO	Maximum Loan-to-Value (LTV)	Maximum Loan-to-Cost (LTC)
700+	Up to 80% of the As-Is Value	Up to 80% Loan-to-Cost
680 – 699	Up to 75% of the As-Is Value	Up to 80% Loan-to-Cost
660 – 679	Up to 70% of the As-Is Value	Up to 70% Loan-to-Cost
640 – 659	Up to 65% of the As-Is Value	Up to 65% Loan-to-Cost
620 – 639	Up to 65% of the As-Is Value	Up to 65% Loan-to-Cost
Foreign Nationals	Up to 70% of the As-Is Value	Up to 70% Loan-to-Cost

REFINANCE

FICO	Maximum Loan-to-Value (LTV)
700+	Up to 80% of the As-Is Value
680 – 699	Up to 75% of the As-Is Value
660 – 679	Up to 65% of the As-Is Value
640 – 659	Up to 60% of the As-Is Value
620 – 639	Up to 60% of the As-Is Value
Foreign Nationals	Up to 65% of the As-Is Value

CASH-OUT

FICO	Maximum Loan-to-Value (LTV)
700+	Up to 75% of the As-Is Value
680 – 699	Up to 70% of the As-Is Value
660 – 679	Up to 60% of the As-Is Value
640 – 659	Up to 55% of the As-Is Value
620 – 639	Up to 55% of the As-Is Value
Foreign Nationals	Up to 60% of the As-Is Value