NexCall Funding offer investors funding solutions to expand their rental portfolio, maximize cash flow and access the cash in their properties. Unlike traditional banks, there is no income verification or requirement to provide tax returns and closing timeframes are quicker. Loan review is based on credit score and property cash flow, not your W-2.
Common Reasons For Refinance
- Lower Payment
- Access Cash
- Maximize Cash Flow
- Use Cash To Invest In Other Projects
Rental Funding Overview
Purchase
Rate and Term
Cash Out
LTV
Up to 85%
Up to 80%
Up to 75% (80% Limited Cash Out)
Minimum Loan Amount
$100,000
$100,000
$100,000
Minimum FICO
660*
660*
660*
Term
30 Year Fixed & ARM w/IO
30 Year Fixed & ARM w/IO
30 Year Fixed & ARM w/IO
Minimum DSCR
1.10**
1.10**
1.10**
Occupancy
Non-Owner Occupied
Non-Owner Occupied
Non-Owner Occupied
Eligible Property Types
SF, 2 - 4 Units. Condo, 5+ Units***
SF, 2 - 4 Units, Condo, 5+ Units***
SF, 2 - 4 Units Condo, 5+ Units***
Borrower Type
Entity or Individual
Experience Required
Funding solutions available for all levels of experience
*660 – 679 Fico may require extended terms
**Subject To Change Based on Program
***Contact us for terms on Multifamily properties. 700 Fico required.
****Loan terms and deal structure are subject to lender verification of credit, background and real estate investing experience. Not all clients will receive the maximum advance rates or the lowest interest rates. All loan submissions are subject to lender underwriting.
