Loan Programs
Rental Loans
LENDING PROGRAMS DESIGNED WITH THE BUILDER IN MIND
Whether you are looking to renovate an existing home, build a new one or expand your rental portfolio, Smart Source Capital has the capital for you. Our loan programs provide customized financing solutions for your short-term and long-term capital needs.
Rental Loans
Capitalize on the growing rental market with Smart Source Capital’s competitive rates and high LTVs. We deliver fast and reliable long term financing solutions on both single-asset and portfolio investments. We can provide financing for the acquisition of new or refinance existing investment properties with long term financing solutions. Our loans are perfect for both new and highly experienced real estate investors.
MORE FLEXIBLE THAN TRADITIONAL LOANS
Below is a summary of our lending parameters. The criteria listed below are guidelines only. If you have an opportunity you would like to present, please contact us.
General Lending Guidelines
Rental Loans
Property Type
Residential single family homes
Loan Type
Non-owner occupied loans only
Use of Proceeds
Acquisition
Lending Area
Nationwide with a few exceptions
Loan Size
$100,000 to $1,500,000
Loan To Cost
Up to 90% of purchase price and 100% of renovation costs
Loan To Value
Up to 80% of value
Terms
30 year
Pre-Approval
Commitment as fast as 48 hours
Loan Approval & Funding
In 21 days or less
Lien Position
First
Recourse
Personal Guarantee
Origination Fees
Based on risk and leverage
Underwriting
All decisions made in-house
Credit Score
Our underwriting guidelines focus on equity, not borrower credit
Limitations
No limit on the number of properties we will fund
Brokers
Protected on the HUD
