Rental Loans (Currently Unavailable)

Acquire rental properties and grow your passive income portfolio with our Rental Property Loans – long term, low fixed rates, and no seasoning needed to get started!

Rental Loans (Currently Unavailable)

Acquire rental properties and grow your passive income portfolio with our Rental Property Loans – long term, low fixed rates, and no seasoning needed to get started!

Market Responses To COVID-19 Have Required Us To Make Changes To Our Loan Offerings. During this time we must place a hold on all Rental Loan applications and closings.

Market Responses To COVID-19 Have Required Us To Make Changes To Our Loan Offerings. During this time we must place a hold on all Rental Loan applications and closings.

Rental Property Loans Designed Around Your Needs:

 

  • Interest Rates as low as 5.375%
  • 30-Year Term, Fixed Rates
  • No seasoning period required
  • We use property debt-to-income, not personal
  • Lower credit requirements than the banks
  • Financing from $75,000 to $1.5 million
  • No prepayment penalties after 3 years
  • Free, no-commitment loan underwritings

Get Your Free, No Obligation Loan Quote Today!

Rental Loan Contact Form

Our Rates and Terms:

Interest Rates

As low as 5.375%

Loan Amount

Up to 80% of appraised value

Loan Terms

Term: Fixed for 30 years

No prepayment penalty after 3 years

Why Partner with Washington Capital Partners:

Looking for a reliable hard money lender to help you build a portfolio or rental properties? We offer Rental Property Loans at low rates and with no seasoning period to get you earning passive income faster and without killing your profit margins. We treat our rental investors as valued business partners, making it our priority to hit your goals and helping sharpen your investing skills along the way.

By partnering with us you’ll get funding toward the purchase of your rental property at a low, fixed interest rate for 30 years. We provide up to 80% of the appraised value of the property, allowing you to get into profitable rental deals without breaking the bank. Speaking of banks, we don’t use your personal debt-to-income ratio to determine whether we will lend (like the banks), we use the property’s debt-to-income ratio. Examining your personal DTI should never keep you from building a passive income portfolio.

One of the biggest values we bring to the table is that we have no property seasoning requiresments. This means that you don’t even need to purchase a property with an existing tenant. Flexibility is key, and we make sure that every investor who partners with us has the freedom to acquire a wider variety of properties.

The rental property market is highly competitive, so you need a lender that can close fast while other investors are waiting on an email back from their lender. We can close on rental properties in as little as 10 business days, meaning you can stop losing out on great opportunities. We’ve streamlined our underwriting and document collection process with smarter technology so you can get a Proof of Funds letter sooner and secure your rental ASAP.

So if you’re looking for a lender that delivers on savings, service, and speed – let’s connect for a free, no-obligation phone consultation to get started. Even if you don’t have a deal that you’re looking at, our lending experts can even help you source your next deal. Just fill out the quick form below so we can get to work for you!

Get Your Free, No Obligation Loan Quote Today!

Fix and Flip Contact Form (Box)

Questions and Answers for Rental Property Loans:

If you are new to rental investing, we’d like to help you learn how our loans work and how you can get started.

What is a Rental Property Loan?

It’s a long-term financing solution that is typically used to fund the purchase of an investment property that will be renter to a tenant. Investors can secure these loans at a fixed interest rate for up to 30-years.

 

Does a Rental Property Loan include repair costs?

Rental Property Loans are intended to finance the acquisition of a property, but not any necessary repairs. If the property you need funding for requires construction, you can either pay out of pocket, or you can acuire and repair the property with a Fix and Flip Loan, then refinance the property into a Rental Property Loan. This way you can finance all aspects of the project and spend less cash on repairs.

 

Do you need cash on hand for one?

To secure this kind of loan, you will need to bring around 20% of the appraised property value to the table. Having “skin in the game” shows that investors not only have a real, vested interest in collecting rent and maintaining the property in order to make their monthly payments to the lender.  

 

How long until you have to pay rental property loans back?

Rental Property Loans have a 30-year term, meaning you will not need to pay off the principle of the loan for 30 years. During that time, you will only need to make interest payments.

 

What are typical interest rates?

These loans have a starting interest rate of 5.375%, but could be adjusted higher based on the unique aspects of the property as well as the borrower’s track record and credit history.

 

What is a prepayment penalty?

Prepayment penalties are fees assessed to an investor who pays off their loan earlier than agreed upon, meaning the lender has not collected their agreed upon amount of interest. Rental Property Loans are long-term financing solutions, meaning that they are intended to remain in place for up to 30 years, but there will be no prepayment penalty assessed to the borrower after the 3-year mark. That means that 36 months after loan closing, you can pay off the loan via cash or bank refinancing with no additional costs to you.