©2018 by Pimlico Group.

Pimlico offers an innovative loan program for those looking to build a rental portfolio. Our  rental program is designed to allow an investor to assemble a portfolio of properties and refinance that portfolio with a traditional commercial bank mortgage. Our team even has long standing relationships with many local banks and can help guide you through the process. Additionally, the rental loan program can incorporate a construction budget if your property needs work to make it rental ready.

Our standard rental program is for 9-12 months, which is generally ample time to complete the refinance process. However, we understand that sometimes, things don't always go as planned. We therefore offer extensions and in-house refinancing for all our rental loans.

Loan Requirements

  • For Individuals and Business Entities

  • Maximum LTV 70% (Finished Value)

  • Minimum Down Payment 10%-15 of purchased price

  • Personal Guaranty

Standard Loan Terms

  • 10-12% Interest Rate (Interest Only Payments)

  • 2-4 Origination Points

  • $0 Processing Fee

  • 9-12 months- extensions available 

Rentals