Introducing our Long Term Rental Program with Amazing Optimization
For our long term rental program, our rates begin as low at 6.75%. We offer 5/1 ARM, 7/1 ARM, 10yr Interest only and phenomenal rates for 30yr fixed. Rates are available for SFR, Muli-Unit (2-20 units), and Condo (unwarrantable Condos as well)
We make it simple. Just fill out an application, and our in-house underwriting team will get to work. We’ll work with you to lock in the best rate and terms for your deal; plus, we cut out the middle man, so your loan can close faster than traditional lenders, with less red tape.
1. Submit Your Application
Fill out our quick and easy online application with the details of your deal. A BFG team member will be in contact to discuss possible next steps
2. Get Approved
With our “best-in-show” combination of high leverage, low fees, and common sense underwriting, our loans are flipper-friendly and structured for your success.
3. Generate Income
Build your existing portfolio or turn your flip into a buy-and-hold strategy. Our Rental loans are designed to help you generate a strong portfolio and create wealth over the long term.
With terms designed to make your life easier and to get your deals closed quickly, Brooklyn Funding Group delivers top of the line creative and professional support. Review our general terms below, and see if BFG is the right firm for your project
Single Family Residential, Multi-Family (2–20 Units), Townhouses, Condominiums
Purchase, Refinance, Cashout
|Loan Amount||$100,000 to $5,000,000|
|Interest Rate||From 6.75%|
|Leverage||Up to 80% LTV (Up to 75% LTV for Cashout)|
|Loan Term||5/1 ARM, 7/1 ARM, 10-Year Interest Only, 30-Year Fixed|
|Appraisal & Inspection Fees|
From $695 (paid upfront, pass-through cost)
|Loan Origination Points|
|Processing & Underwriting Fee||From $1,500 (paid at settlement)|
For full lending terms, please download our Term Sheet PDF.
Not all borrowers will qualify for the lowest rate. Some exclusions apply by state.
APPLY FOR YOUR FIRST LOAN
Ready to apply for funds on your next deal? Please fill out the form below.