Fix to Rent Loans

Our single-family fix-to-rent loan is designed for investors seeking maximum leverage for a rental. PIL will loan up to 100% of hard cost (purchase + renovation) with a limit of 75% of appraised ARV. We can increase proceeds to 75% when the investor provides a preapproval letter from a conventional mortgage broker. Loan term is six (6) months with three (3) month extensions available for a 1% fee. Loans can be paid off at any time without additional fees or penalties.

Rates & Terms
Loan Amount Up to 100% of Cost (Purchase + Renovation) or 75% of ARV
Origination Fee 3.5% of loan amount (payable at closing)
Interest Rate 12.9% interest-only monthly payments
Pre-Payment Penalty None
Term 6-months (1% fee per 3-month extension)
Liquity Requirements 20% of the loan amount
*Excluding title, insurance, legal, etc.
Qualifications & Requirements Lender Specific Closing Costs
620+ Credit Score $450 Processing Fee
3 Months Bank/Investment Statements $350 Administration Fee
Liquidity = 20% Loan Amount on No-Cashflow Assets $50 Wire/Courier Fee
Two Years Tax Returns
Completed PIL Loan Application

Let's talk about your
project today.