Rental Investment Loan Program
Rental Investment Loan Program
- When the property does not need renovations.
- When you are looking to payoff a bridge loan which was used to renovate the property.
- When the property is stabilized, leased up, or generating any income.
- When you want a long term financing solution on rental investment property.
Program Overview
- Loan Amount: $55,000 - $5 Million
- Term Length: 30 years
- Max LTV: 80%
- Amortization: 30 Year Fixed, 3, 5,
7, 10 Yr I/O options
- Interest Rate: Starting at 5.50%
- Min. Credit Requirement: 600 FICO
- Closing Time: 14 Days
- Use: Purchase,Refinance or Cash out
Pro's Fix & Flip Loans
- High Leverage (up to 85% LTC)
- Quick closing in 7 Days
- Interest-only payments
- No Prepayment Penalty
- No Income Documentation
- No Minimum Credit Requirement
- No Experience Required (Yes, we lend to new borrowers)
What Do I Need To Qualify?
- Simple... A profitable project
- LTV: Up to 85% Loan to "As Is" Value and 75% "After Repair" Value
- Origination Fee: 1.50% - 2.50% of the loan amount
- Prepayment Penalty: None
Eligible Properties for Fix & Flip Loans
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., town homes, duplex’s, triplex’s, and quadplex’s. At World's Fair Capital, we lend to real estate investors looking to purchase, refinance, fix & flip, or buy in order to fix it then rent it out.
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.