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LONG TERM RENTAL LOANS

Receive financing for your rental property without worrying about your Debt-to-Income Ratio

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Alternative Adventure’s asset-based long term rental program is tailored for the investor that wants to scale their real estate portfolio without worries of being tied down by their Debt-to-Income Ratio. We take an asset-based approach to qualify your loan by looking at the lease or potential market rent of the property instead of your personal income. No W2s, tax returns, or personal income verification means fewer documents for underwriting which results in faster closings. These simple and easy qualifications reduce the barriers for purchase and refinance which allows you to scale into multiple properties quickly.

How to qualify

To receive a quote, you’ll need to know your:

Market Rental Rate or Tenant Lease Amount

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Your Liquidity

Property Value and Purchase Price

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Asset Types

  • Single Family Homes

  • Townhomes

  • Condos

  • 2 - 4 Units (Duplex, Triplex, Quadplex)

  • Multi-Family: 5 - 8 Units

  • Mixed-Use: 2 - 8 Units

  • Multi-Family: 9+ Units

Loan Terms

Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)

Purchase LTV: Up to 85%*

Rate & Term Refinance LTV: Up to 80% 

Cash Out Refinance LTV: Up to 80%**

Amortization: 30 Year % 40 Year Amortization Options Available

Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed

Floor Rate: 5.75% (subject to change daily due to market volatility)

Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)

DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.

Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.

Average Time to Close: 14 to 35 days

*85% Purchase min credit score 700 max loan $1M **80% Cash Out min credit 740 max loan $1M

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Don’t see your question answered here?

We’re here to help. Fill out our contact form and we will get back to you with more information.

Curious to know if you can apply to get financing for your investment property in your area?

Check out all the sates we service and see if you could qualify! Our lending partners lend across the county in 48 states.

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