Rental Loans
Rental Loans 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).

Standard Loan Terms
- Max Loan Amount: $1,500,000
- Max LTV (Loan to Value): 80%
- Rate: Starting at 7.75%
- Payments: Monthly Principal and Interest payments.
- Term of loan: 40 Year

Standard Closing Costs
- Origination Fee: 1%
- Underwriting Fee: $1,500
- Legal: $750 – $1,500
- Appraisal Fee: $500-$950
- Title Insurance and recording fees: 1%(Approximate)

Property Types
- Condominiums.
- Single-family residences.
- Two to four units.
- Townhouses.

Standard Requirements:
- Credit Application
- Last 3 bank statements (US bank account)
- Copy of ID and Borrowing Entity docs
- Purchase Contract (If Purchase)
- Property Insurance
- Schedule of costs
- Lease Agreement

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): 1.0
- Minimum Credit Score: 660
- Rental in place: Not Required
- Foreign Nationals Qualified with reduced LTV
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FAQ
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.