Dragon Realty Capital offers fully amortizing permanent loans on non-owner occupied single family properties in most states. These loans offer a variety of fixed rate terms and documentation choices. Features of these loans include:
Property Types: 1 to 4 unit SFRs and PUDs (warrantable & non-warrantable)
Loan Amounts: $200,000 to $2,000,000 (higher by exception)
LTV: Up to 80%
Amortizations: 20 to 30 Year, Fully Amortizing
Debt Service Coverage: As low as 1.15
Fixed Terms: 5, 7, and 10 Year Hybrids, converting to LIBOR based or WSJ Prime Rate adjustables after the fixed period
Minimum FICO*: As low as 550!
Prepayment Penalties: 3 year fixed or 3 year declining
Occupancy: Investment Only
Documentation: Full (tax returns), Lite, Stated Owner-User, Bank Statement Only, and No Document
Recourse: Full Personal
Eligible Borrowers: U.S. Citizens, Resident Aliens, Legal Entities
Eligible Markets**: Urban & Suburban in primary, secondary and tertiary markets
Fees: $1,500 Processing, Underwriting (varies), and Documents (varies)
*Credit score requirements vary across programs, affecting LTV, rate, and points charged.
to download and provide the necessary documentation to receive a Conditional Loan Commitment.
**Not all programs are available in all states.
Note: Rates and loan programs can change without notice.