With Express Capital Financing loan options, you can use blanket and portfolios loans to cover gaps in financing over multiple properties all at once. Real estate investors and property developers can now fund projects that require financing for acquisitions, renovations, and refinancing instead of taking out loans for each property. Reduce your needs for loan consolidation by using blanket and portfolio loans.
PROPERTY TYPES
Properties We Finance:
SFR
Multi-Family
Condo
Town Homes
BLANKET & PORTFOLIO LOAN PROGAM DETAILS
| Property Type | Single Family Residential, Multi Family 2-4 Unit & 5-50, Condo, Townhomes. Min. unit count is 2 Units |
| Minimum Properties | 2 Properties |
| Loan Amount | Minimum loan size of $150K |
| Rates | Starting 7%+ |
| Loan to Value | 75% Max for Purchase and Refinances |
| Loan Term | 30 Year Term, 30 Year Amortization. 5/1, 10/1 ARM, and Interest Only Options Available. |
| Rent Coverage Ratio | 1.20 (1.25 for loans under 1 million) |
| Rehab Financing | N/A |
| Proceed Usage | purchase, or refinance |
| Those Who Qualify | Foreign national—ok |
| Points | 1% + |
| Minimum Values | $100k per property |
| Recourse | Non Recourse |
| Credit Score | Min 660 |
