Bridge
Looking to Purchase a Property to Hold for Rental Income?
Pulpos Capital Group's loan program provides a flexible 12-24 month term, with an option for an extension. We ensure our customers have the financing they need for their rental properties, enabling them to invest with confidence and ease.
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Loan Criteria
Collateral:
Non-owner occupied 1-4 family real estate; condos; townhomes
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Term:
12-24 months (extension available)
*an extension fee applies
Loan Amount:
$100K – $7.5M for 1-4 family, condos, & townhomes
Minimum FICO:
600
LTV:
Purchase: The lesser of up to 80% of the As-Is value or up to
Refinance: Up to 80% of the As-Is value
Cash-Out: Up to 75% of the As-Is value
Minimum As-Is Property Value:
$125k for 1-4 family, condos, & townhomes
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Rent Coverage Ratio (Monthly Rent/Debt Service):
Not Applicable
Buy-to-Rent Loan Program Typical Rates
NEW INVESTOR
Owned 0 to 2 investment properties (flips and/or rentals) in the last 3 years
INTERMEDIATE INVESTOR
Owned 3 to 4 investment properties (flips and/or rentals) in the last 3 years
EXPERIENCED INVESTOR
Owned 5+ investment properties (flips and/or rentals) in the last 3 years