Easy Funding Solutions for Investment Properties
Rental Property Loans
Bridge Loans
Fix and Flip Loans
Find the right loan
option for you
Loans
starting at
9.99%
Up to 90% of Purchase Prive + 100% of Rehab
*Rates are subject to change
Program Details:
- Single Family, Condos, 2 to 4 Units or 5 to 10 Units
- LTV up to 80%
- Unlimited cash-out up to 75% LTV
- Minimum FICO 620 for 1 to 4 units / 625+ for 5+ units
- 30 Year Fixed or ARM options
- Fully Amortized or Interest Only options
- DSCR as low as 0.5 and No Ratio options for 1 to 4 units / 1.0 for 5+ units
- Simple DSCR calculations: just payment + tax + insurance as expenses
- No Tax Returns or any personal income verification
- First Time Investors are allowed
- Multipurpose LLC are allowed
- As little as 3 months reserves
- Vacant – OK, able to use market rents
- Loan Amount Limits: $200,000 to $3,000,000
- Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.
Program Details:
- Investment Properties Only
- LTV up to 70%
- Investment SFR’s, Condos, and 2-10 Units
- No Income, No assets verified
- Low credit score – OK
- Same Day approval
- 1st and 2nd position loans
- Funded in as little as 7 days*
- Loan Limits: $50,000 to $3,000,000
- Available in California (within major MSAs – no rural)
Program Details:
- LTV: up to 90% of Purchase Price + 100% of Rehab. Total loan up to 75% of ARV
- SFR’s, Condos, Townhouses, 2-4 Units
- No Income, No assets verified
- No Experience – OK
- Min FICO: 700+ for 90% LTV / 660+ for 85% LTV
- Same Day pre-approval
- 12, 18 or 24 months term options
- Funded in as little as 14 days*
- Loan Limits: $150,000 to $1,500,000
- Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.
Find the right loan
option for you
Program Details:
- Single Family, Condos, 2 to 4 Units or 5 to 10 Units
- LTV up to 80%
- Unlimited cash-out up to 75% LTV
- Minimum FICO 620 for 1 to 4 units / 625+ for 5+ units
- 30 Year Fixed or ARM options
- Fully Amortized or Interest Only options
- DSCR as low as 0.5 and No Ratio options for 1 to 4 units / 1.0 for 5+ units
- Simple DSCR calculations: just payment + tax + insurance as expenses
- No Tax Returns or any personal income verification
- First Time Investors are allowed
- Multipurpose LLC are allowed
- As little as 3 months reserves
- Vacant – OK, able to use market rents
- Loan Amount Limits: $200,000 to $3,000,000
- Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.
Program Details:
- Investment Properties Only
- LTV up to 70%
- Investment SFR’s, Condos, and 2-10 Units
- No Income, No assets verified
- Low credit score – OK
- Same Day approval
- 1st and 2nd position loans
- Funded in as little as 7 days*
- Loan Limits: $50,000 to $3,000,000
- Available in California (within major MSAs – no rural)
Fix and Flip Loans
starting at
9.99%
Up to 90% of Purchase Prive + 100% of Rehab
*Rates are subject to change
Program Details:
- LTV: up to 90% of Purchase Price + 100% of Rehab. Total loan up to 75% of ARV
- SFR’s, Condos, Townhouses, 2-4 Units
- No Income, No assets verified
- No Experience – OK
- Min FICO: 700+ for 90% LTV / 660+ for 85% LTV
- Same Day pre-approval
- 12, 18 or 24 months term options
- Funded in as little as 14 days*
- Loan Limits: $150,000 to $1,500,000
- Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.
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Your home
financing
journey starts here
Step 1 of 3
Pre-Qualification Consultation
Start with a quick phone consultation to discuss your needs and outline a strategy for selecting the best loan options.
Step 2 of 3
Quote
Receive a customized loan quote tailored to your financial situation and goals.
Step 3 of 3
why lending place best
mortgage solutions
Wide Range of Loan Products
From traditional to unique loan options, LendingPlace has a solution tailored for every need.
Rates
We offer some of the most competitive rates in the market, ensuring you get the best deal for your home financing.
Exceptional Customer Service
WHAT OUR
CLIENTS SAY...
Frequently Asked Questions
Please Click Here to complete a short form for the same day pre-qualification.
It depends on the loan program. For example, a Hard Money Loan can be funded in as little as 7 days. A traditional timeline to close a DSCR loan is about 4 weeks, a Fix and Flip loan: 14 to 28 days. Note that the timeline can vary based on the program, borrower’s qualifications and complexity of their loan structure. Once your completed application is received, we will provide an estimate of a timeline for your specific loan. LendingPlace ensures efficient processing, guiding you through the entire journey from application to closing.
No! These programs do not require verification of income or employment.
Minimum Down payments requirement depends on the loan program, specifics of the property, and borrower’s qualifications. It’s best to contact your LendingPlace loan officer to discuss the specifics of your loan scenario and down payment options.
There are multiple factors that affect the rate for every loan: loan program, borrower’s credit score, type of transaction, loan program, loan-to-value ratio, borrower’s experience, rental property income, etc. Having access to over 30 national and boutique wholesale lenders, LendingPlace is able to offer highly competitive rates and a wide range of lending products. Please contact a LendingPlace loan officer to receive the same day, a no obligation rate quote for your specific loan scenario.
LendingPlace offers a range of non-traditional loan products, which may be a solution for borrowers who don’t fit the requirements for conventional loans. If you recently applied for a mortgage and were turned down, call LendingPlace loan officer today to see if we have an alternative option for you.
If you are buying an investment property that you are planning to rent out and it is being delivered vacant, future rental income can be used to help you qualify for a DSCR loan.
Yes, you can refinance your current property to access your equity. This is a popular option for someone who is looking to consolidate their debt, remodel their home, purchase a second home or an investment property, and expand their business or just need money for some other project.
To qualify for the Rental Property DSCR Loan, you need a minimum FICO credit score of 620 or higher. No income or employment documentation is required. You will need to complete the loan application and provide a copy of current lease (if property is currently rented), Insurance declaration page, copy of the property tax bill and two months of bank statements as proof of funds and reserves.. Loan amounts range from $200,000 to $3,000,000, and the loan is available only for properties that are either rented to tenants or being purchased with an intent to be rented out.
For the Rental Property DSCR Loan, you can borrow up to 80% Loan-to-Value (LTV) for purchase and rate & term refinance, and up to 75% LTV for cash-out refinance. The Private Money Loans offer up to 70% LTV as well. Fix and Flip loans are available up to 90% of Purchase Price + 100% of Rehab funds, provided that the total loan amount does not exceed 75% of ARV (Anticipated Resale Value). Loan amounts vary between $200,000 and $3,000,000 for the DSCR Loan program, $50,000 to $3,000,000 for Private Money Loans and $150,000 to $1,500,000 for Fix and Flip loans.
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NMLS ID: 2003033
FL LIC: MBR4920
CA LIC: 60DBO-116526
Quick Links
CA DRE 02039562
Conditions Apply. Rates are subject to change. *Funding times vary and some Private Money Loans will take longer than 7 days to fund. Minimum Loan amount $200,000. LendingPlace is a subsidiary of LendingPlace, Inc. NMLS ID: 2003033 licensed as a broker in California by DFPI Lic: 60DBO-116526 and in Florida Lic: MBR4920. Private Money and Fix and Fllip loans are brokered through an afiiliated company, Pacific Capital Funding Corp CA DRE Lic: 02039562. DSCR and Fix and Flip Loans are available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.