ltr
Long
term
rentals
long-term rentals
Long-term rentals, at times referred to as buy-and-holds, are rental properties that are purchased and rented out for long-term leases. An LTR property can range from a single-family home, townhouse, multi-family home, apartment or condo and is associated with providing tenants accommodation for an extended period; generally, a minimum duration of six months or greater.
Long-term rentals usually are not furnished and since turnover is low, owners can save money in marketing costs, as they do not need to advertise the space as often as a short-term rental requires.
LTR’s are one of the most popular, and lucrative,
ways to invest in real estate. When you invest in short-term rental properties, rental income is potentially not as reliable as that of LTR’s, due to factors such as location, tourist attractions and
seasons; owners often also spend more effort and time on maintenance. On the contrary, LTR’s require less work in terms of upkeep, key exchange, organizing check-ins/outs, etc. and because LTR
properties are accompanied with relatively constant occupancy, this places the owner in a preferable position to mitigate risk of vacancy for extended periods.
Begin accumulating properties that you can invest in passively or actively. Our investor loan is built for clients who want to establish a real estate business that generates large profits and ensures consistent and stable rental income. Using NONI’s simple qualification process, we approach scaling into numerous properties with ease. Instead of using client’s personal incomes, we easily qualify a loan based on either the LTR’s liquidity, its market rental rate, the property value and purchase price or the tenant lease amount.
invest with noni
NONI opens doors for investors to build wealth and access steady streams of positive cashflow, to
ultimately secure financial stability. Scale your portfolio and utilize NONI’s advantageous options in which to hold title, such as LLC’s, corporations and trusts. Rental markets tend to improve LTR property values and rents, consequently acting as a hedge to inflation; garner the tax benefits involved in running your real estate business through deductions of long-term rental expenses while procuring an asset that appreciates, provides security and achieves profitability – place your portfolio in a commanding position, with NONI.
loan terms
loan AMOUNT
$150k to $3.5mm
ltv purchase
Up to 85% LTV
LTV refinance
Up to 85% LTV on Rate and Term
w/ 80% Cash-Out options available
amortization
30 year amortization schedule
terms
7/6 ARM, 10/6 ARM, & 30 YR Fixed
*interest only options available for ARM’s
interest rates
3.875% to 6.5%
recourse
Full recourse. Personal guarantee required on all owners
dscr requirement
1:1 or greater = NONI
< 1 = nearNONI
vesting
Lending to individuals, LLCs,
corporations and trusts*
*trusts on case by case basis
time to close
30 to 45 days
get an
estimate
Requesting a loan estimate is simple and quick. Best of all, there are no obligations and no charges. Answer a few questions and allow us the opportunity to send you a personalized estimate and show you how our innovative loan products can best serve you.