NEBO IDENTIFIES NEW 1-4 UNIT RENTAL PROPERTY LENDER

NEBO recently identified a new lender that finances portfolios of 1-4 unit properties.

Condos, SFRs and 2-4 unit properties are eligible.

The lender has programs for individual properties and portfolios of 5 or more properties. LTVs contemplated are in the 70-75% range. Loans over $4MM on portfolios are subject to 75% LTV. 

Programs are underwritten on in-place cash flow of property or portfolio. Portfolios are financed at 5, 7, and 10 year terms. Loans on Individual properties fully amortize over 30 years.

The portfolio lending program is non-recourse (except standard carve-outs) and offers fixed rates.

Purchases and refinance transactions are both eligible, as are cash-outs.

For the individual property program, loan sizes are from $75k-$1.00MM. For portfolios of 5+ properties, loans from $500k to $500MM are available. 

Loans on portfolios have a 4.5 and 9 year yield maintenance with flexible call protection.

5-year loans are currently pricing in the mid 5s, 10-year loans in the high 5s or low 6s. 

For quick, responsive advice on your acquisition or refinance, call NEBO today.