Rental Loans

Solutions-Grid_Commercial-1

Commercial/Rental Program

This loan program is designed for investors with buying and renting out properties, including commercial buildings and family homes. The Commercial/Renal Loan is a great fit in the following situations:

  1. Unique acquisition situations requiring non-conventional financing such as a foreclosure sale or REO

  2. Sale & Leaseback Scenarios needing a quick closing

  3. Buying properties in commercial areas including family house with the aim of making money off them.

  4. Mortgage Acquisitions and Discounted Mortgage Buybacks

  5. Long term income geneating properties.

At HouseMaster, our commercial bridge loans close quickly... in as little as 7-14 days at a fixed rates between 4-12% Our commercial bridge loans require no personal income verification and very little documentation instead the underwriting is primarily based on the property itself! Our Commercial Bridge loans are a great way to purchase or refinance a commercial asset which needs a quick closing without the extensive underwriting associated with traditional bank financing. Our commercial bridge loan program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. and very little documentation!

General Information:

  • Quick Closing in 7-14 Days

  • Low Rates at 4%

  • Interest-only payments

  • No Occupancy Requirement

  • Recent Bank Statement

  • Qualify Based on the Property LTV/ARV

What Do I Need To Qualify?

  • Simple... Equity in the property!

  • Origination Fee: 1.50% - 3.00% of the loan amount

  • Processing Fee: $795 - $995

  • Underwriting Fee: $1,500

  • Prepayment Penalties: None! (3+ months of minimum interest earned)

Required Documents for Closing

Personal Documents

  • Loan Application

  • Last Month's Bank Statement

  • Drivers License and/or Passport

Business Documents

  • Articles of Incorporation

  • Operating Agreement (LLC) or Bylaws (Corp.)

  • EIN Letter

Eligible Properties for Commercial Bridge Loans

Industrial

Industrial is property classification used for manufacturing, production, and storage facilities. We will lend to real estate investors looking to purchase or refinance industrial properties with loan amounts of $250,000+.

Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. HouseMaster Finance will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Multi-Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. We will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.

Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. HouseMaster Finance will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. We will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.

Hospitality

HouseMaster will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.