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Need funds for long term rental loan program? (Myrtle Beach)

apartment

Loan Amount: $50k-$2M
Property Types: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes
Term: 30 Years
Points: 1-3
Rates: As low as 6.5%
Amortization Options: 30 Year Fixed, Hybrid ARMS (3/1, 5/1, 7/1) & Interest-Only (Up to 5 Years)
LTV:
Purchase: Lesser of up to 80% of the As-Is Value or up to 85% Loan-to-Cost
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Minimum Property Value: "As-Is" Appraised Value Must Be 70k or Greater
(Geographical Restrictions May Apply)
FICO: 620 Minimum Credit Score
Debt Service Coverage Ratio (DSCR): 0.70 or Greater

Call us today: Abel Commercial Funding show contact info /www.abelfunding.com
All the best,
Rick Scharf
  • do NOT contact me with unsolicited services or offers

post id: 7131785428

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