Talk to a lending advisor (866) 837-9547

Rental Loans

National non-bank lender. Great Rates. Fast Closings.

E

Close Deals Quickly

E

Speak to an Experienced Advisor

E

Low Rates & Fees

Speak with a Rental
Loan Advisor

By inputting your phone number and submitting this form to LendingOne, you consent to receive SMS messages from LendingOne. Your carrier’s message and data rates may apply. Message frequency varies. You may opt out of receiving SMS text messages from LendingOne at any time by texting the word STOP in response to a text from LendingOne. LendingOne will not share information you provide via SMS or MMS with third parties for marketing purposes. View our Privacy Policy and Terms and Conditions of Use by clicking on the hyperlink at the bottom of this page.

RentalOne: Loans Built for Landlords

30-Year Fixed, ARM Products, and Interest-Only Options

Grow your Rental Business

RentalOne loans can provide the cash you need to grow your rental portfolio. Benefits include:

E

Refinance, cash-out or purchase loans from $70K to $2MM

E

Flexible loan options designed for your buy and hold strategy

E

Industry best rates and leverage

E

Dedicated Loan Advisor

Advantages of RentalOne Loans

E

No hurdles - a very user-friendly and streamlined process

E

Approval based on the Property Cashflow and not your tax returns

E

Recycle your capital quicker. Minimal seasoning requirements*

E

Closings in weeks instead of months

E

Protect your assets by borrowing in a corporate entity

Advantages of RentalOne Loans

E

No hurdles - a very user-friendly and streamlined process

E

Approval based on the Property Cashflow and not your tax returns

E

Recycle your capital quicker. Minimal seasoning requirements*

E

Closings in weeks instead of months

E

Protect your assets by borrowing in a corporate entity

Competitive Rates on Rental Loans

 

Easy application, simple terms, flexible options. Our 30-Year Fixed Rate Rental Loans and ARMs are a great way to grow your long-term buy and hold properties.
 
Get Approved Today!
Trustpilot

Rental Loans FAQs

What type of rental loan rates are offered by LendingOne?
LendingOne offers flexible loans with competitive rates. 30-year fixed, ARM products, and interest only options available. All rates are based on individual property and borrower. Call us to learn more.
What states do you lend in?
LendingOne provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, and South Dakota.
What type of documents are required?

We have an online streamlined process, but here is a list of the documents we will need over time.

  • 1-month bank statement
  • A list of properties you currently own (a
  • REO Schedule)
  • No Tax Returns Required
  • Lease(s) – (if currently rented)
  • Sales Contract (on purchase)
  • LLC Operating Agreement or Articles of Corporations
  • Driver’s License

Other documents and/or materials may be requested based on the individual borrower’s circumstances and collateral.

What is Debt Service Coverage Ratio?
Debt Service Coverage Ratio (DSCR) is a calculation that helps us determine if a rental investment is generating enough income to make its loan payment obligations.

DSCR is calculated by the following simple formula:

DSCR = Monthly Gross Income divided by PITIA* *Principal, Interest, Taxes, Insurance and Association Fees.

If this number is over 1.0 that means the property’s rent covers its monthly mortgage payment.

What are the cash out eligibility and restrictions?

The seasoning requirements:

  • 3-month seasoning from your purchase date
  • Delayed Financing are permitted
What type of properties can you provide loans on?

The following property types are eligible for our rental loans:

  • Single Family Residence (SFR)
  • 2-4 Unit Properties
  • Townhouse
  • 2 acres maximum
  • Condos (certain restrictions apply)
What is the minimum loan amount?
LendingOne rental loans have a minimum loan amount of $70K.
Do I close in my personal or business name?
All of our loans are made to a Business Entity and are personally guaranteed. The following type of companies that are allowed: LLCs, Limited Partnerships, General Partnerships, Corporations, Revocable Trusts
Does my rental property have to be leased before closing?

The following are the lease requirements:

  • A lease with no less than 3 months remaining at time of close
  • For Unleased properties we can use the market rent from the appraisal
Is there a prepayment penalty?
Multiple options from no prepay to 5 years are available and based on the loan and pricing.
Can I live in one of my rental properties or rent it to a family member?
No. LendingOne provides commercial only loans that are non-owner occupied (investment) properties.
Call Now Button