Getbread now Long term Loans

Long Term Loan

Our flexible rental program enables borrowers to swiftly and efficiently expand their client's portfolio with income-generating rental properties. Our in-house process covers underwriting, processing, and funding, allowing us to provide fast, easy, and reliable funding for various purposes, such as purchase-only transactions, refinancing existing properties, or cash-out refinances based on the built equity in the home.

Program Details

Interest Rate:

Rates starting at 6.2%

Qualifications:

Rent-ready

Max Loan to Value:

Up to 80% LTV

Foreign investors: Up to 65% LTV

Loan Amount:

Loan amount from $100,000 - $5,000,000

Credit Score (FICO):

Minimum 600

Loan Term:

30-year Fixed Rate

Property Type:

Single family 2-4 unit multifamily and condo/townhomes

Foreign Investors Loans:

No social security number required

No credit score required

No U.S address required

No U.S investment experience required

No seasoning

No sourcing of funds

Second liens allowed

FAQs

What is a long-term loan?

Long-term loans provide financing over an extended period, usually more than three years, and are typically used for significant investments such as real estate or large-scale equipment purchases.

What are the advantages of a long-term loan?

The main benefits include lower monthly payments spread over many years, fixed interest rates for predictable payments, and the potential for significant capital investment in a business or property.

What factors do lenders consider for long-term loan approval?

Lenders will look at the borrower's credit history, the stability and profitability of their business, the value of the collateral, and the purpose of the loan.

How do long-term loans differ from short-term loans?

Long-term loans have lower monthly payments and longer repayment periods but can result in more interest paid over the life of the loan. In contrast, short-term loans have higher monthly payments, shorter durations, and typically lower total interest costs.

Can long-term loans be paid off early?

Yes, but some lenders may charge a prepayment penalty for early repayment. It's essential to understand the terms of your loan agreement regarding early payoff.

View our other loan programs

Refinance/Cash Out

Refinancing loans for extracting cash from the equity already built up in a property owned by the borrower

Learn More About Refinance

Commercial/Multifamily Long Term

Maximize your investment potential, expand your portfolio, and increase your cashflow by investing in commercial/multifamily

Learn More About Commercial Loan

Commercial Bridge

Providing short-term bridge loans specifically designed for commercial/mixed-use and multi-family properties

Learn More About Commercial Bridge

Fix and Flip Loan

Short term loans for buying and renovating properties. Financing up to 90% of purchase and 100% of renovation

Learn More About Fix and Flip Loan

New Construction Loan

Hard money short term construction loans for real estate developer

Learn More About New Construction Loan

Submit Your Scenarios Today

Experience the highest level of service and the most competitive pricing working with the best in the hard money lending business

SUBMIT NOW