Long Term Rental

Looking to Purchase a Property to Hold for as a Rental Property?

At Pulpos Capital, we’re invested in your future.

We’re also extremely flexible:
• ITIN borrowers welcome
• Vacant properties eligible
• No seasoning required for cash-outs
• Prior late payments on hard money loans? Still okay

Loan Criteria

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:

$75K – $2M

Minimum FICO:

660

Loan To Value:

Purchase: Up to 80% of the Purchase price
Refinance: Up to 80% of the As-Is value
Cash-Out: Up to 80% of the As-Is value (depending on the state)

Rate will lower with lower LTV*

Property Values:

As Is appraised value must be $75k or greater

Debt Service Coverage Ratio (DSCR):

Can go as low as 0.8x DSCR calc

ARV Loan Program Typical Leverage and rates

NEW INVESTOR

Completed up to 2 flips or owned up to 2 rentals in the last 3 years

INTERMEDIATE INVESTOR

Completed between 3 & 10 flips or owned between 3 & 10 rentals in the last 3 years

EXPERIENCED INVESTOR

Owned 10 or more investment properties (flips and/or rentals) in the last 3 years