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Welcome to Legendary Creative Solutions, your trusted source for expert real estate advice and services. Whether you're buying, selling, or investing, we're here to help you achieve your goals and make informed decisions. Contact us today to learn more.
Real estate investors aiming to acquire income-generating rental properties can rapidly expand their portfolios with our flexible rental program. Our in-house team handles every step, including underwriting, processing, and funding. We provide fast, easy, and reliable financing for new purchases, refinancing existing properties, or cash-out refinancing to leverage the equity in your home.
Rates Starting at 6.875%
Rent-ready and Leased Qualify
Up to 80% LTV:
From $75,000-$2,000,000
Minimum FICO of 680
Minimum DSCR of 1.0
30-year Fixed Rate
Single Family, 2-4 Unit Multifamily, and Condo/Townhomes
This loan is designed for real estate investors looking to invest in rental properties, including single-family homes, 2-4 unit multifamily properties, townhomes, vacation rentals, and warrantable condos. Our long-term rental financing options include 30-year amortizing, ARM, and interest-only structures.
Our long-term rental loan program offers investors the opportunity to refinance from a hard money loan to a lower rate and longer term once renovations are complete and the property is rented out. This strategy aligns with the popular investment approach known as BRRRR (Buy, Renovate, Rent, Refinance, Repeat), allowing investors to accumulate multiple units rapidly with minimal long-term investment by recycling the initial capital. Additionally, investors who prefer not to renovate properties can opt for a light documentation option based on the Debt Service Coverage Ratio (DSCR) to acquire properties solely for purchase.
Every investment opportunity is distinct. Real estate investors seeking both short-term and long-term ownership can benefit from our rental loan, featuring competitive rates and flexible terms, depending on the loan structure and prepayment penalties. Many investors prioritize loans based on the rental income's ability to cover monthly expenses, including PITI (Principal, Interest, Taxes, and Insurance). Our "light-doc" loan option requires no income verification and relies on rental income to meet expenses. Typically, a minimum Debt Service Coverage Ratio (DSCR) of 1.0-1.2 is required, ensuring rental income covers PITI payments and leaves room for positive cash flow after expenses.
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