Our Mortgage Programs
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We offer an investment opportunity to real estate investors through private lending – hard money loans.
Our Rental Loan, a premier DSCR Loan option, is designed specifically
for income-generating investment properties. Whether you’re acquiring
new assets for your portfolio or seeking to refinance and extract
equity, our financing solutions are tailored to meet your needs. As a
frontrunner in financing for short-term rental properties, including
those utilized for Airbnb, VRBO, or as vacation homes, we offer highly
competitive and adaptable terms to facilitate your transactions. Our
DSCR Financing Program caters to all investors, from novices making
their initial foray into the market to seasoned professionals aiming
to swiftly enlarge their holdings. We are committed to providing you
with an optimal loan through a process that is fast, effective, and
straightforward.
The most common hard money loan requirements:
1. Loan Amounts: $75K – $3.5M (Blanket Portfolio Loans up to $5M)
2. Rates: Starting at 6.750%
3. Geography: Nationwide (except Nevada, North Dakota, South Dakota)
4. Property Type: single-family rental (SFR), PUDs, 2-4 units, rental condos or rental portfolios
5. Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
6. Loan Structure: 30-Year Fixed Rate Mortgage
7. Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed
8. LTVs: Up to 80% (Acquisitions/Rate-Term Refinances), 75% (Cash-Out Refinances)
9. DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)
10. DSCR: 0.75x minimum
11. Credit Score: 660 minimum
Fees & Deposits: 1-3% Closing Fee, Underwriting Fee.
13. Prepay Penalties: No prepayment penalty after year 3
Sky Financing has the investor’s interests in mind. The real estate investment opportunity and the loan will be clearly defined from the start and we will be with you from the beginning till the end.