BUY TO RENT LOAN

Short-Term Vacation Rentals

Short-term Financing for the Acquisition and Refinance of non-owner-occupied rental properties.

Looking to Acquire a property to Hold for Rental Income?

Fast Private LLC offers a Buy-to-Rent loan program with a 24-month term that allows a 12-month extension. We assist our clients by making sure that our borrowers have access to rental property financing that goes the distance.

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes

Loan Amount:

$50k – $2M

Rates

Starting at 3.75%

LTV:

Purchase: Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value

Minimum FICO:

620

Amortization Options:

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

SHORT-TERM VACATION RENTAL LOAN PROGRAM

PURCHASE

FICO	Maximum Loan-to-Value (LTV)	Maximum Loan-to-Cost (LTC)
700+	Up to 75% of the As-Is Value	Up to 75% Loan-to-Cost
680 – 699	Up to 70% of the As-Is Value	Up to 75% Loan-to-Cost
660 – 679	Up to 65% of the As-Is Value	Up to 65% Loan-to-Cost
640 – 659	Up to 60% of the As-Is Value	Up to 60% Loan-to-Cost
620 – 639	Up to 60% of the As-Is Value	Up to 60% Loan-to-Cost

REFINANCE

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

CASH-OUT

FICO	Maximum Loan-to-Value (LTV)
700+	Up to 70% of the As-Is Value
680 – 699	Up to 65% of the As-Is Value
660 – 679	Up to 55% of the As-Is Value
640 – 659	Up to 50% of the As-Is Value
620 – 639	Up to 50% of the As-Is Value