Rental Portfolio Loans: An Ideal Solution for Expanding and Refinancing Rental Properties
Rental portfolio loans are a niche loan product designed for experienced investors.
Our Canadian clients, a husband and wife foreign national couple, sought our help to secure a $565,000 rental portfolio loan for their diverse portfolio of rental properties located in various Florida cities (Ocala, Fort Pierce, Orlando, Tampa, Fort Myers, and Homestead).
Their portfolio included 7 rental properties, comprising 5 condominiums and 2 townhomes, which they had acquired and renovated since 2010.
Achieving Dual Goals with a Single Loan
The couple had two primary objectives. First, they aimed to refinance the mortgages on their existing 7 properties. Second, they wanted to acquire an additional rental property in Florida, specifically a single-family residence.
We successfully arranged a single, portfolio loan that enabled them to achieve both goals—refinancing their current residential investment properties and purchasing the new one. This streamlined, blanket approach allowed them to pay just one set of closing costs.
Favorable Loan Terms for International Investors
We negotiated favorable terms for our clients, including a 60% loan-to-value (LTV) ratio, a 5% fixed interest rate, a 10-year term, interest-only payments, and a non-recourse provision.
This rental portfolio loan proved to be the perfect financial solution for their expanding investment endeavors, just one of the many home loans for non-U.S. citizens in Florida we offer.
Discover How Rental Portfolio Loans Can Benefit Your Investment Strategy
Are you a foreign national looking to expand or refinance your rental property portfolio? Let our expertise guide you to the right financial solutions. For example, one of our specialties is loans for Canadian foreign nationals.
Contact us today to learn more about how a rental portfolio loan can help maximize your real estate investments.
