Bison – SFR Portfolio Program Summary

FINANCING SOLUTIONS FOR SCATTERED SITE RESIDENTIAL REAL ESTATE INVESTORS

Permanent Financing Solution:

  • Intended Uses: Acquisition or Refinance of Rented, Stabilized Portfolios (5 property minimum)
  • Collateral: SFR, 1-4 Unit, and Condo. $50k minimum value per asset
  • Fixed Interest Rate: Starting at 5%
  • Advance Rate: Up to 75% of Market Value
  • Term: 5 or 10 Years with payments based on an amortization schedule of up to 30 years
  • Loan Amount: $500k to $100 million
  • Recourse: Non-Recourse loans are available for loan amounts greater than $1.5 million
  • Time to Close: 4 - 6 Weeks
  • Seasoning Requirement for Properties to be Refinanced: Seasoning period is 9 months (subject to a 90% LTC constraint on the refi). No LTC constraint for legacy assets owned 3+ years.
  • Loan Amount: $3M to $50M
  • Seasoning period is 9 months (subject to a 90% LTC constraint on the refi)
  • No LTC constraint after 3 years
  • Time to Close: 3 - 4 Weeks

 

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High Octane Acquisition Financing for Investors

Entrepreneurial Line of Credit:

  • Intended Uses: Acquisition Financing
  • Collateral: SFR, 1-4 Unit, and Condo. $50k value minimum
  • Interest Rate: 9.95%
  • Advance Rate: Lesser of 70% LTC / 70% LTV
  • Term: 12 Months
  • Revolver: No
  • Loan Amount: $500k to $5M
  • Time to Close: 3 - 4 Weeks

Institutional Line of Credit:

  • Intended Uses: Acquisition Financing
  • Collateral: SFR, 1-4 Unit, and Condo. $50k value minimum
  • Interest Rate: 8.0%
  • Advance Rate: Lesser of 80% LTC / 70% LTV
  • Term: 12 - 18 Months
  • Revolver: Yes
  • Loan Amount: $3M to $50M
  • Seasoning period is 9 months (subject to a 90% LTC constraint on the refi)
  • No LTC constraint after 3 years
  • Time to Close: 3 - 4 Weeks