Stable Financing, Competitive Rates, and an Easy Process
Lockgate Capital’s Long-Term Rental (LTR) loans are crafted for investors focused on generating stable rental income from long-term tenants. With income-based qualifications similar to DSCR loans, our LTR product offers competitive rates and quick access to capital, making it easier to expand your portfolio or refinance existing properties.
Our LTR loans provide experienced investors with reliable terms and the flexibility to manage rental properties for long-term income.
Structured for Real Estate Investors Focused on Stability
Our Long-Term Rental loan product is designed for investors with experience managing rental properties and looking to grow or refinance their portfolio. Here’s what you need to qualify
At least 1+ completed properties
Minimum of 660
1-3 months of reserves, with an 80% advance rate and 20% down
SFR, Condo, Townhome, or 2-4 unit residential properties
Non-owner-occupied properties, vacant properties acceptable, 90-day seasoning, minimum 0.8 DSCR, delayed purchase transactions available, blanket loan option
| Attribute | Details |
|---|---|
| Product Type | Long-Term Rental Loan |
| Experience Required | 1+ Completed Properties |
| Minimum Credit Score | 660 |
| Liquidity / Reserves | 80% Advance Rate, 20% Down, 1-3 Months Reserves |
| Points | 0 Point Option to 2% |
| Prepayment Penalty | Option Available |
| Closing Timeline | 10 to 14 Days |
| Draw Schedule | N/A |
| Rate | 5.99% |
| Loan-to-Value (LTV) | 75% |
| Loan Term | 30, 40 Years or 12 Months Interest Only |
| Asset Types | SFR, Condo, Townhome, 2-4 Units |
| Minimum Loan Amount | $75,000 |
| Maximum Loan Amount | $2,000,000 |
| Product Specifics | Non-Owner Occupied, 90 Days Seasoning, 0.8 DSCR Minimum, Blanket Loan Option |
| Number of Units | 1 Unit |
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