Looking to Purchase a Property to Hold for Rental Income?

 

Mioym Commercial Capital’s Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance.

 

LOAN CRITERIA

 

Collateral:

Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

 

LTV:

Purchase: The lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost 
Refinance: Up to 70% of the As Is Value
Cash-Out: Up to 65% of the As Is Value

 

Term:

24 Months (12 month extension available) 
*(An extension fee applies)

Loan Amount:

$75k – $2.5M ($1M max per unit)
 

Minimum FICO:

660

 

Rates:

As low as 7.99%

 

Rent Coverage Ratio (Monthly Rent/Monthly Interest):

1.25

800 Westchester Avenue

Rye Brook, NY 10573

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© 2019 Mioym Commercial Capital Inc.