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Rental

Rental are a financing option for investors looking for a long-term solution, at an attractive rate. Underwriting is heavily weighted on the DSCR (Debt-Service Coverage Ratio) and not the individuals DTI (Debt to Income).

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Standard Loan Terms

  • Max Loan Amount: $2,000,000
  • Max LTV (Loan to Value): 80%
  • Rate: Starting at 8.5%
  • Payments: Monthly Principal and Interest payments.
  • Term of loan: 30 Year and ARM (5/1 and 7/1)
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Standard Closing Costs

  • Origination Fee: 2%
  • Underwriting Fee: $1,500
  • Legal: $750 – $1,500
  • Appraisal Fee: $500-$950
  • Title Insurance and recording fees: 1%(Approximate)
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Property Types

  • Condominiums.
  • Single-family residences.
  • Townhouses.
  • Two to four units. From 2 to 4 units case by case, only with board approval.
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Standard Requirements:

  • Credit Application (1003)
  • Last 2 bank statements (US bank account)
  • Copy of ID and Borrowing Entity docs (Can close under personal name or
    company)
  • Purchase Contract (If Purchase)
  • Property Insurance
  • Lease Agreement (if applicable)
  • Short term rentals allowed
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Standard Closing Time

  • The usual time to close is 20-30 days.

RBI Private Lending is a direct lender and does not rely on other institutions to close the loans. Once the title work and appraisal are ready, We will be too!

Qualifications

  • Minimum DSCR (Rental Income / Debt Service): 0.80
  • Minimum Credit Score: 660
  • Rental in place: Not Required
  • Foreign Nationals Qualified with reduced LTV (65%)

Contact us

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FAQ

Do you make personal loans? 
We do not make personal loans, only for real estate investment. 

What kind of real estate loans do you make? 
RBI finances real estate investments, both the purchase of properties for rent or second residence, as well as renovations for subsequent resale. We also finance the real estate development 

What is the interest rate and loan term?
Usually, loan rates are 9% and 1.75% points. Loan terms are 12-36 months

What is the loan type?
Most our loans are interest only, which means a fixed interest is paid throughout the term and full balance at maturity. For example, a $100,000 with 12 months term and 9% rate will yield 12 monthly payments of $750 and a final payment of $100,000

What happens if I sell the property or prepay the loan before maturity?
In most of our loans there is no prepayment penalty.

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Payoff and Partial Release Request

Please fill out the following information to request a payoff or partial release of your loan

In order to process your request, please download the required authorization form from [link]

Request Draw

Disclaimer: "By providing my phone number to “ RBI Private Lending, ”, I agree and acknowledge that “ RBI Private Lending,” may send text messages to my wireless phone number for any purpose. Message and data rates may apply. Message frequency will vary, and you will be able to Opt-out by replying “STOP”. For more information on how your data will be handled please see our Privacy policy here