One of the lenders that I work with for Non-Owner Occupied rental property loans offers these unique loan aspects on 1-4 units:
1. No prepayment penalties
2. Up to 5 properties loaned on by the bank
3. Borrower can have up to 15 residential loans (commercial loans not counted)
4. Cash out loans up to 10 financed properties
5. Can use rental income for subject property with no history of managing a rental
6. Interest only payments
7. Investment property loans up to $2,500,000
8. Recoup funds from all-cash purchases as Rate & Term refinance up to 6 months
9. Full documentation & Alternative doc loans to qualify
Let me know if you are looking for new or refinance loans for your rental properties. I have great sources for best rate or alternative financing options as needed.
