Norada Real Estate Funding

  •  Home 
  • Apply
  • Deals
  • Notes
  • Podcast
  • About
  • Contact

Norada Real Estate Funding

Long-Term Rental Loans

Long term financing for the purchase and refinance of non-owner occupied rental properties.

Norada Real Estate Funding remains committed to your future investments with our Long-Term Rental loan program.  This program offers a 30-year term and rates starting at 4.75% to ensure our clients have true long-term financing options.

LOAN CRITERIA

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

Amortization Options
* 30 Year Fixed
* 5- and 10-Year Interest-Only
* Hybrid ARMS (5/1, 7/1, 10/1)

Loan Amount
$50,000 – $2,000,000

Rates
Starting at 4.50%
(Rates vary based on credit, points, LTV, DSCR)

 

Loan to Value (LTV)
Cash-Out:  Up to 75% of the As-Is Value
Refinance:  Up to 80% of the As-Is Value
Purchase:  Up to 80% of the As-Is Value or Loan-to-Cost

Property Values
“As Is” Appraised Value must be $75,000 or greater.
(Geographical restrictions may apply)

Debt Service Coverage Ratio (DSCR)
1.10

Minimum FICO
650

Please Note:  Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

Apply Now

Please answer a few questions so we can get started on your loan.

* Property State:
* Collateral Type:
* Do you live at the property?:
   

Lending Not Offered in The Requested State

Sorry, unfortunately, we do not provide loans in this state.

Owner Occupied Properties

We provide loans for investment properties, and cannot lend to owner occupied properties.

Apply Now

Complete this application and we will look at your deal.

* Are you a
   

Apply Now

Please answer a few questions so we can get started on your loan.

* Your Company Name:
* Your Email Address:

{applicant_type} Contact

Thanks for sending us another deal

* Your Company Name:
* Your Email Address:
* Your First Name:
* Your Last Name:
* Your Phone Number:

{applicant_type} Contact

We didn’t recognize your email, but the company sounds familiar. We would like to collect some contact info from you.

* Your Company Name:
* Your Email Address:
* Your First Name:
* Your Last Name:
* Your Phone Number:

{applicant_type} Contact

Looks like we haven’t worked with you before. Thanks for the business. We would like to collect some contact info from you.

* Your Company Name:
* Your Email Address:
* Your First Name:
* Your Last Name:
* Your Phone Number:

Basic Referral Details

Thanks for coming to us with your real-estate investment needs. Please fill out the basic info that we need to evaluate your referral.

Referrer Info

Name:
-
Company:
-

Guarantor Info

* First Name:
* Last Name:
* Email:
Primary Phone:
Estimated Credit Score:
Show Optional Details
LLC Name:
Zip Code:
Address Line #1:
Address Line #2:
City:
State:
Guarantor Experience:
Hide Optional Details

Property Info

* Zip Code:
* Subject Property Address Line #1:
Subject Property Address Line #2:
* City:
* State:
* Collateral Type:
* Purchase or Refinance?:
 | 
* Purchase Price:
* Rehab Costs:
* After Repair Value (ARV):
As is value (Stated):

Loan Info

* Amount Requested:
* Desired Term:
* Use of Funds:
* Exit Strategy:
Show Optional Details
Referral Source:
Guarantor Contribution:
Target Closing Date:
Acquisition Details:
Rehab Description (if applicable):
Hide Optional Details

Read Loan Application Terms

wait image

Real Estate

Quick Links

Blog Posts

  • Boston Real Estate Market Trends & Investment Outlook
    November 12, 2020Marco Santarelli
  • Boise Real Estate Market Trends & Investment Outlook
    November 10, 2020Marco Santarelli
  • Chicago Real Estate Market: Trends & Investment Outlook
    November 9, 2020Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments