Rental Portfolios
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The widest range of terms and options
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5, 10, and 30-year term, fixed rate or hybrid ARMs, partial IO available, non-recourse.
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Ultra competitive rates and leverage
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Borrower-friendly rates and full leverage available 90 days post purchase with no further rent roll seasoning required.
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Fund portfolios of all shapes and sizes
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By funding portfolios of $250K to over $50MM, Oak Tree lets you accommodate all real estate investors, from “mom-and-pop” investors that own fewer than 5 properties to institutional buyers with 500+ property portfolios.
Rental Portfolios Example Terms
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TERM
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
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LEASE REQUIREMENTS
Minimum Occupancy Rate of 90% by Unit Count, Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)
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RECOURSE
Non Recourse with 'bad-boy' carveouts and Pledge of Equity of Borrowing Entity
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LOAN PURPOSE
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
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MINIMUM FICO
660 (for portfolios at or under $2MM and 10 properties)
All other portfolios: 680
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BORROWER TYPE
Entity required
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INTEREST RATE
Call for quote
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PROPERTY TYPE
Non-Owner Occupied:, Single Family Residences (SFR), 2-4 unit properties, Warrantable condos, Townhomes, PUD
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MINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE)
For portfolios with ≤ $2MM AND ≤ 10 properties: 1.10x (Gross Rent/PITIA)
For all other portfolios: 1.20x (Net Cash Flow/Debt Service)
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VACANCY MINIMUM
Min. 90% occupancy rate by unit count
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RURAL PROPERTIES
Not permitted
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FOREIGN NATIONALS
Eligible at maximum 65% LTV
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MINIMUM LOAN AMOUNT
$250K - $50MM
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PROPERTY RESTRICTIONS
No vacation or seasonal rentals
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MAXIMUM LOAN-TO-VALUE (LTV)
Up to 80% on purchase and refi. Up to 75% on cash-out
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
180 days
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Terms and conditions expressed in this website can be changed without prior notice and are examples of what may be possible, we make no promise or guarantee that the borrower will receive these terms and conditions. Each loan stands on it's own merits or lack there of.