What is a Rental Loan?
A rental loan is a type of commercial mortgage that is specifically designed to finance the purchase or refinancing of a rental property. This type of loan is based on the rental income potential of the property and is often used by investors who want to acquire or refinance a rental property.
How Does a Rental Loan Work?
To qualify for a rental loan, borrowers must have a strong credit history and sufficient income to make the loan payments. The lender will review the borrower's financial information and the rental income potential of the property to determine the loan amount and terms.
Benefits of a Rental Loan
One of the benefits of a rental loan is that it allows investors to acquire or refinance a rental property without having to personally guarantee the loan. This can be particularly attractive to investors who are looking to grow their real estate portfolio without taking on additional personal debt.
Get the Financing You Need for Your Rental Property
At Commercial Mortgage Help, we have a team of experienced loan officers who are dedicated to helping investors find the right financing solution for their rental property. If you are considering the purchase or refinancing of a rental property, we encourage you to contact us to learn more about our rental loan options.
