6 Best Real Estate Portfolio Lenders for 2023

Baselane offers competitive rates and terms for both its short- and long-term financing options. For this reason, we’ve selected it as the best provider for borrowers looking to fund an investment property.

It offers portfolio loans, long-term rental loans, and rehab loans. Rehab and construction loans are short term and can be used as part of a fix-and-flip or fix-to-rent investment strategy. Long-term rental loans are a more permanent source of financing. Options are available for fixed and adjustable rates and interest-only payments. Eligible properties include single-family homes, planned unit developments, and multiunit real estate.

Depending on the loan program you choose, it’s possible to get approved with no income verification. This leads to a streamlined process with minimal documentation and faster funding speeds.

If you are a landlord, you should consider Baselane for its other nonlending products. It offers banking products, rent collection tools, and bookkeeping and reporting services. By making use of these features, you can more easily track your rental cash flow, simplify the process of collecting rent, and better track the performance of your properties.

To start the loan process, you can get a quote online in less than 1 minute. No personal information is required, and your credit score will not be impacted. If you would like to move forward with the process after receiving a quote, you can then submit a formal loan application.

If you have five or more rental properties and want to simplify your finances, Kiavi is a good option. If offers a rental portfolio product where a single payment can cover multiple properties.

Rates can start as low as 6.75% for well-qualified borrowers, with a minimum loan amount of $500,000. Repayment terms can be 10 or 30 years and can be structured as interest-only payments. As you add more properties to your portfolio, you’ll get additional benefits, such as streamlined loan approvals and more competitive rates.

If you don’t have enough properties for its portfolio loan program, you can also choose its fix-and-flip or DSCR rental loan programs. Regardless of which you choose, you’ll need to first have a legally established business entity to work with Kiavi. While you can start the loan process online before you complete this step, it may result in delays in getting your loan funded.

If you need to conduct repairs to a property but intend on retaining it as a long-term rental, then consider LendingOne. It offers competitive rates on its short-term fix-to-rent loan. Once repairs are completed, you can transition to its permanent 30-year rental loan.

Using the company for both the short- and long-term loan is not required. However, it can save you time and money because it will have already reviewed your qualifications as part of the initial approval process for the short-term loan.

LendingOne’s rates can fluctuate daily, but well-qualified borrowers can expect rates to start around 7.5%. Loan amounts are available for up to $5 million, and because the lender requires far less documentation than that of a conventional mortgage loan, you can get approved and funded in as little as 10 days.

The provider finances single-family homes and two- to four-unit properties. It also offers loan programs for new construction, multifamily bridge, portfolio rentals, and more.

To learn more or apply, you can visit the LendingOne website. You can also obtain an online quote in less than 2 minutes.

CoreVest has no minimum credit score, making it a great option if you have bad credit. It considers all aspects of your loan application in determining whether you can qualify for a loan, such as your business finances, track record, and overall experience.

It offers four major types of loans: rental loans, bridge loans, multifamily loans, and build-for-rent loans. Depending on the loan program you choose, you can get up to $50 million in financing with rates as low as around 8%.

One potential downside with this provider is the fact that its funding speed is slower than many others on our list. Closing costs can also be expensive, but you won’t know the exact costs until after you apply and have your application reviewed by the lender.

From a qualification perspective, CoreVest will primarily review your business history, liquidity levels, and credit profile. It’s recommended that you have at least three prior completed flips or rental properties. Borrowers who are weak in one or more areas should have other strengths to improve the chances of getting approved. For example, a lower credit score might be offset by documenting a strong DSCR or track record of stable cash flow.

Visio Lending is an excellent option if you want to purchase or refinance a vacation rental property. Compared to a traditional mortgage loan, it can be easier to get approved because this provider evaluates applications primarily based on your credit history and the property’s cash flow rather than your personal income.

Since your personal income does not impact your odds of approval, it’s a good option for self-employed borrowers who may not otherwise qualify for a loan. This can be the case with individuals who write off a large amount of business expenses. Doing so can reduce a borrower’s tax liability, but it often hurts their chances of getting approved for a conventional mortgage loan.

Visio Lending offers loan amounts up to $2 million, and repayment terms can be fully amortized for up to 30 years. This means no balloon payments, so you won’t have to worry about needing to make any large payments outside of your regular monthly payment schedule.

Before you apply, you should make sure Visio Lending offers financing for your location. Applications cannot be submitted online, but you can complete an online form requesting a callback.

North American Savings Bank (NASB) offers a wide variety of non-QM loans. These are loans that allow you to qualify with less traditional methods such as bank statements or assets, as opposed to evaluating your income. If you have been unable to get approved elsewhere, this provider offers many specialty programs that may be right for you.

Some examples of this provider’s non-QM loan programs include:

Each program offers added flexibility to help you get approved. Depending on the program, the lender may be able to consider less traditional sources of income or allow additional options for borrowers with recent bankruptcies. For instance, its non-warrantable condo loans can help you get financing on a property that may otherwise be ineligible under a conventional mortgage loan. Similarly, an asset depletion loan can allow you to get qualified by using your assets rather than your income.

Due to the number of loan programs available through this provider, it can be difficult to pinpoint the exact eligibility criteria. We recommend contacting the bank to have a lending specialist walk you through the process and help you choose the program best suited for your needs. You can also read our article on how to get a small business loan for what to expect and tips on how to improve your chances of getting approved.

You can view the contact information for NASB’s lending team members on the website, where you’ll also have the option to submit an online application.

Choose a loan that you’re eligible for and one that helps you meet your business goals. Other items to consider include rates, fees, customer service, and loan terms.

Portfolio loans can be a good option depending on your business circumstances. Since these loans typically have higher rates and fees, you’ll want to make sure you can afford the payments. You’ll also want to consider how the loan will help your business and whether there are alternative financing options with more beneficial terms.

Many portfolio loan lenders can work with a score as low as 575. However, this depends on a number of factors, such as the type of loan you’re looking to get, the strength of your business finances, and how long you’ve been in operation. Many portfolio lenders evaluate applications on a case-by-case basis.