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, PUDs (warrantable & non-warrantable), condos, and un-leased purchases.
Loan Amounts: $200,000 to $2,000,000 (higher by exception)
LTV: Up to 80%
Amortizations: 30 Year, Fully Amortizing; 3 Year I/O & 27 Year Fully Amortizing, or 5 year I/O & 5 Year Fully Amortizing.
Debt Service Coverage: Up to 90% DTI.
Minimum FICO*: As low as 550!
Prepayment Penalties: 3 year declining
Occupancy: Investment Only
Documentation: 1003, Borrower Credit Report, Borrower Investment Property Resumé, Appraisal, Purchase Contract/Mortgage Payoff, Prelim, Lease (unless a purchase), Borrowing Entity documentation.
Recourse: Full Personal
Eligible Borrowers: U.S. Citizens, Resident Aliens, Foreign Nationals, & Legal Entities
Eligible Markets**: Urban & Suburban in primary, secondary and tertiary markets
Fees: $1,495 Administration, $995 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.