LYNK Capital, LLC has announced the introduction of a new rental loan program for investors that own single-family rental properties. The program is a mid-term loan that offers investors the opportunity to bridge the gap between short term loans longer-term bank financing. This product will complement LYNK Capital’s current fix and flip and new construction loan programs, by offering investors the ability to retain completed properties
as rentals investments.
“As the real estate market evolves, we see more investors maximizing their returns by building a portfolio of rentals rather than quickly flipping properties, and we want to provide a solution for those investors,” said Ben Lyons, LYNK Capital’s Fund Manager. “For borrowers who financed their renovation or construction loan with LYNK, we can convert them to a rental loan quickly and easily.”
This product is available in all states in which LYNK Capital does business and is underwritten primarily based on the cash flow of the property, not the income of the borrower – this makes the approval process much faster and easier than traditional bank financing.