Bridge
Looking to Purchase a Property to Hold for Rental Income?
Campos Capital Group’s Buy-to-Rent loan program offers a 24 month term, with a 12 month extension available, ensuring that our customers have rental property financing that goes the distance.
Loan Criteria
Collateral:
Non-owner occupied 1-4 family real estate; condos; townhomes
Term:
24 months (12 month extension available)
*an extension fee applies
Loan Amount:
$50K – $7.5M for 1-4 family, condos, & townhomes
Minimum FICO:
620
LTV:
Purchase: The lesser of up to 80% of the As-Is value or up to 80% Loan-to-Cost
Refinance: Up to 75% of the As-Is value
Cash-Out: Up to 70% of the As-Is value
Minimum As-Is Property Value:
$75k for 1-4 family, condos, & townhomes
Rent Coverage Ratio (Monthly Rent/Debt Service):
1:15
Buy-to-Rent Loan Program Typical Rates
NEW INVESTOR
Owned 0 to 2 investment properties (flips and/or rentals) in the last 3 years
LTV
Up to 80% of purchase price + up to 100% of renovation costs; not to exceed 70% of the After Repair Value
INTERMEDIATE INVESTOR
Owned 3 to 9 investment properties (flips and/or rentals) in the last 3 years
LTV
Up to 90% of the purchase price + up to 100% of renovation costs; not to exceed 75% of the After Repair Value
EXPERIENCED INVESTOR
Owned 10+ investment properties (flips and/or rentals) in the last 3 years
LTV
Up to 90% of the purchase price + up to 100% of the renovation costs: not to exceed 75% of the ARV
