This product is a good fit for residential properties with 1-4 units, which you intend to use as an investment property for rental income. No rehab budget is available with this loan. Purchase, refi and cash out refi is available.
Loan amounts: $100,000 to $1,000,000
Type of collateral: 1-4 units
LTC: up to 80%
LTV: up to 80%
Minimum DSCR: 1
Cash out refi: available
Term: 360 months fixed rate
Interest: from 5.875%
Origination fee: from 1.5%
Expected turnaround time: instant approval, instant proof of funds, 7 day close
Go to https://getfunded.newsilver.com/ to start the application.