SFR Portfolio Guidance Line

VCREF’s SFR Portfolio Guidance Line of Credit is a flexible alternative to a traditional line of credit. Get pre-approved for up to $15MM in bridge financing and draw as needed to acquire, stabilize, or lease-up rental properties.

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Information

Flexible Alternative to a Traditional Line of Credit

The benefits of utilizing the VCREF SFR Portfolio Guidance Line include the ability to draw on the facility as needed and pay interest only on the amount drawn.  In addition, VCREF allows the sponsor to negotiate terms only once and have predictable financing for up to 3 years.

Property Types

  • SFR
  • Single family detached
  • 2-4 units
  • Warrantable condos
  • PUD
  • Townhomes
  • Multifamily up to 20 units
  • Modular homes
  • Leaseholds

Loan Scenarios

Purchase, rate-term, refinance and cash-out options

SFR Portfolio Guidance Line Parameters

  • $5,000,000 - $15,000,000 with a minimum of $1,000,000 initial advance
  • Facility available for 3 years with each Advance on facility having its own maturity up to 2 years plus extensions
  • Interest only
  • Non-recourse
  • Minimum of 3 properties
  • 1% origination fee charged only when utilized with fees declining with successive “turns” on the Facility
  • LTV:  80% As- Is LTV, 90% LTC, 65% ARV LTV
  • No prepayment penalty
  • Draw up to 100% of renovation costs
  • Minimum occupancy of 0% at close and 90% by Maturity
  • Net worth:  Liquid: 10% of loan amount – Total: 40% of loan amount

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Contact a VCREF professional who will guide you through our financing programs. A loan representative will be in touch with you shortly!