Rental360 Loans

Asset-based lending that requires NO personal income verification!
iFundRehabs offers Single and Portfolio Rental Property Lending. If you're a new investor, we will help you purchase your first rental property. Or if you're a seasoned investor, we will help you open up equity from established portfolios so you can grow!

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Benefits of our Rental360 loans

  • We help brand-new or seasoned investors
  • No personal income required
  • You have the option to borrow as an entity (LLC)
  • Rental360 loan is underwritten on the properties cash-flow
Single Rental Loan
Portfolio Rental Loan
Loan Purpose
  • Purchase a single property, or
  • Refinance a single property, with option to take cash-out
  • Take cash out of an existing portfolio to buy more properties, or
  • Refinance or consolidate multiple rental loans
Interest Rate
6.50 - 9.00%
5.00% - 7.50%
Loan Amount
$75K - $1.5MM
$700K+
Minimum Property Value
$100,000
  • Multi-family 5-20 units: $30,000 per unit
  • Other property types: $50,000 per unit
Term
30-year fixed, full amortization
  • 5 years or 10 years with balloon due at end of term
  • Option to amortize up to 30 years, with interest-only option available
Borrower Type
LLC or Individual
LLC
Maximum Loan-to-Value (LTV)Time Owned : Constraint
  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
  • 75% LTV for a fully amortized loan
  • 70% LTV for an interest-only loan
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount
Time Owned : Constraint
  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
Time Owned : Constraint
  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
When do we use LTV vs LTC?
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
Cash Flow Requirement
  • <$150K value: Max 70% Property Debt-to-Income Ratio (PDTI)
  • ≥$150K value: Max 85% PDTI
  • Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
  • Interest Only Loan: DSCR of 1.20x
Property TypeNon-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
Non-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
  • Multi-family 5-20 unit properties

Our Rental 360 Loan is perfect for the seasoned investor who is looking to expand their single-family rental property portfolio.


Offering up to 30-year terms with no balloon payments, and (5/1 ARM, 7/1 ARM, or 30-year fixed), this loan enables you to build your wealth-producing asset over the long term, through a locked-in, competitive interest rate, that ensures you won't need to cash out or refinance the deal anytime soon.

For investors with multiple properties, we also have the Rental 360 Portfolio loan program, which allows you to refinance up to 7 properties at one time and includes the benefit of one close and one monthly payment.

GET STARTED
CONTACT US NOW!