Rental
- Home
- Rental
Single Property Rental Terms
Rates Starting at 6.05%
Marcus Mae Makes Term Loans Easy
Marcus Mae Single Property Rental Loans Provide you with a reliable funding source for your landlords against cash flowing 1-4 family houses.
Single Property Rental Terms
Recourse
Full Recourse only
Rate Types
Fixed and adjustable rate options available
Experience
Not Required
Loan Purpose
Purchase, rate-term refinance, or cash-out of a single rental property
Minimum Fico
660
Amortization
Fully amortizing and Partial interest only options available
Borrower Type
Entity Required
Property Types
Single family residences (SFR)
2-4 unit properties
Warrantable condos
Townhomes
PUD
Vacancy Maximum
Purchases vacant are ok & 1 unit on a 2-4 unit refinance
Rural Properties
Not Permitted
Foreign Nationals
65% LTV
Lease Requirements
Leased Units: Lower of (i) in-place rent & (ii) market rent
Unleased Units: 90% of market rent
Maximum Loan-To-Cost
If owned < 3 months, 80% of total cost basis
Minimum Loan Amount
$75k $2MM
Maximum Loan-To-Value (LTD)
Up to 80% on purchase and rate & term. Up to 75% on cash-out
Property Acquisition Minimum
1 property per loan, up to 4 units max
Minimum Debt Service Converage Ratio (Gross Rent/Pitia)
1.05x
Seasoning Requirement (To use value Vs. Cost Basis)
90 Days