loan program
Rental Loan
Rental Loan
Heights Finance Corporation understands real estate entrepreneurs because that’s our background. We don’t think like banks, we can see the potential, and help you get flexible and efficient capital for your real estate projects.
Short Term Rental Loan:
Whether you are purchasing or refinancing your investment property, take advantage of our flexible short-term rental programs.
UP TO:
- 6 – 24 Months.
- 60% CASH OUT AVAILABLE.
- Loan Amount: $350K up to $20M
Long Term Rental Loan:
Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD).
LTV:
- Purchase: Up to 80% of the As-Is Value or Up to 80% Loan-to-Cost.
- Refinance: Up to 80% of the As-Is Value.
- Cash-Out: Up to 75% of the As-Is Value.
- Amortization Options: 30-Year Fixed & Interest-Only Options Available.
- Loan Amount: $350k – $20M.
- Debt Service Coverage Ratio (DSCR): 1.05.
- Minimum FICO: 620.
- Pre-Pay Penalty: N/A.
- In-house loan servicing & draws.
- Quick closing
About Us
Heights Finance Corporation is a private lender focused on investment purpose loans for the acquisition and development of residential, commercial, and land projects.