Construction
We finance the construction of residential and small multifamily investment properties. Investors appreciate our flexible terms, ease of draw funding, and speed of closing.
Property
- Single-family, townhomes, 2-4 units, ADU’s; larger projects also considered
- Loans are restricted to investment properties
- Rural properties not allowed
Loan Features¹
- 12, 18 or 24-month term
- $200,000 to $1.5 million loan amount
- Up to 85% loan to cost; 65% loan to after construction value
- 100% financing of construction budget
Borrower
- 700 minimum FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is customary
- Pricing based on borrower experience
- No employment or income verification
Draws and Closing
- Close in 2-3 weeks
- Materials, labor, demolition, and customary soft costs reimbursable
- Virtual inspection
- 3-4 business days from inspection to draw funding
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Fix and Flip
Short-term financing to buy and renovate properties with up to 10 units. We support experienced and new investors with competitive terms and pricing.
Property
- Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
- Loans restricted to investment properties; cannot be owner-occupied
- Rural properties not allowed
Loan Features¹
- 6, 12 or 18-month term
- $100,000 to $1.5 million loan amount
- Up to 92.5% loan to cost; 100% financing of renovation
- No interest on undrawn funds
Borrower
- 680 minimum FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is customary
- Foreign nationals allowed at reduced LTV
- Pricing based on borrower experience
- No employment or income verification
Draws and Closing
- Close in as little as 5 days
- Materials, labor, demolition, and customary soft costs reimbursable
- Virtual inspection
- 1-3 business days from inspection to draw funding
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Rental Properties
Permanent financing of rental properties with long-term tenants. These loans use the rental cash flow and stabilized property value to determine the loan amount.
Property
- Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
- Loans are restricted to investment properties; cannot be owner-occupied
Loan Features¹
- 30-year term; fully amortizing entire term or ARM available
- $75,000 to $1.5 million loan amount
- Up to 80% loan to value; 75% for cash-out
Borrower
- 660 minimum FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is required
- Foreign nationals allowed at reduced LTV
- No employment or income verification
Other Details
- Close in 2-3 weeks
- Appraisal with market rents
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Short-Term Rental
A solution for investors who need permanent financing for their rentals listed on AirBNB and VRBO. This product allows DSCR to be calculated by using 12 months of operating history or AirDNA rents as market rent.
Property
- Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
- Loans are restricted to investment properties; cannot be owner-occupied
- Must be listed on Airbnb, VRBO, or similar site
Loan Features¹
- 30-year term; fully amortizing entire term or ARM available
- $75,000 to $1.5 million loan amount
- Up to 75% loan to value; 70% for cash-out
Borrower
- 700 minimum FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is required
- Foreign nationals allowed at reduced LTV
- No employment or income verification
Other Details
- Close in 2-3 weeks
- Underwritten to 12 months operating history and AirDNA market rents
- Appraisal showing C3 condition or better
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Rental Portfolios
For experienced investors, we finance up to 10 rental properties as a single loan. These loans are often more cost effective than closing each loan individually.
Property
- Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
- Loans are restricted to investment properties; cannot be owner-occupied
- Minimum of 3 properties
Loan Features¹
- 30-year term; fully amortizing entire term or ARM available
- $150,000 to $5 million loan amount
- Up to 75% loan to value; 70% for cash-out
Borrower
- 680 min FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is required
- Foreign nationals allowed at reduced LTV
- No employment or income verification
Other Details
- Close in 4-8 weeks
- Appraisal with market rents
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Bridge
Financing of newly constructed or renovated properties that are currently vacant and stabilized and are ineligible for permanent financing.
Property
- Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
- Loans restricted to investment properties; cannot be owner-occupied
- Rural properties not allowed
Loan Features¹
- 6, 12, 18 or 24-month term
- $150,000 to $1.5 million loan amount
- Up to 75% loan to value; 65% for cash-out
Borrower
- 680 minimum FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is usually required
- Foreign nationals allowed at reduced LTV
- Pricing based on borrower experience
- No employment or income verification
Other Details
- Close in as little as 5 days
- Average or better property condition (C1-C4 condition)
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
Bank Statement
Small business owners and self-employed individuals have the ability to obtain permanent financing on their rental properties by underwriting their income, instead of rental property cash flow. We do this by analyzing bank statements and do not require tax returns.
Property
- Single-family, townhomes, condos (warrantable and non-warrantable), and 2-4 units
- Loans are restricted to investment properties; cannot be owner-occupied
- Leases are not required
- Single assets only; portfolios not allowed
Loan Features¹
- 30-year term; fully amortizing entire term or ARM available
- $75,000 to $1.5 million loan amount
- Up to 80% loan to value; cash out not allowed
Borrower
- 660 min FICO; no recent foreclosures or bankruptcies
- Entities only; a personal guarantee is required
- 12 months of Personal or Business bank statements, or 6 months of Asset statements
Other Details
- Close in 2-3 weeks
- Appraisal showing C4 condition or better
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to value, rental cash flow, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.
PadSplit Loans for Real Estate Investors
- A PadSplit is a property where individual bedrooms are rented out. Common areas like living rooms, offices, and garages are renovated into additional bedrooms to maximize rental income
- Must have lease with PadSplit
- Rental income verification is not required
- No limit on number of bedrooms
- 25% personal guarantee allowed
- High leverage and competitive rates
We are experts in mortgages for real estate investors, and use our industry leading software to support investors like you in achieving your goals.
Get your PadSplit Rate
Get your PadSplit Rate
Get your PadSplit Rate
PadSplit Loan FAQs
A PadSplit is a shared housing model that allows property owners to rent out individual rooms to tenants, maximizing rental income per property. PadSplit units are designed to provide affordable housing solutions by renting rooms individually, typically with shared common spaces like kitchens and bathrooms. This unique model offers more flexibility for tenants and increases rental income potential for landlords.
Yes, you can renovate an existing property into a PadSplit with Certain Lending. However, it’s essential to follow both PadSplit and local housing guidelines. Converting a property to a PadSplit may require updates to comply with zoning laws, safety codes, and occupancy requirements. We offer renovation financing options to cover renovation costs for transforming a property into a PadSplit.
PadSplit is available in various cities across the U.S., but local regulations vary. The primary markets for PadSplit currently include major metropolitan areas with housing demand and affordability constraints, such as Atlanta, Houston, Dallas, Tampa, and San Antonio. Check with PadSplit to see if your city supports this model, as zoning and other local regulations may impact the ability to convert and rent properties as a PadSplit.
Financing a PadSplit rental loan is similar to financing a traditional rental property loan, though typically at lower leverage levels. Interest rates and loan terms depend on factors like credit score, property value, and current market conditions. Certain Lending provides competitive rates and a streamlined process to make securing financing for your PadSplit investment simple and efficient.
The maximum Loan-to-Value (LTV) on a PadSplit loan generally depends on the loan type and property details but is often around 70-75% of the property’s appraised value.
We do not require rental income verification for PadSplit purchases; we only require a lease from PadSplit. Rental income is calculated based on the market rent potential of each individual room, making it more flexible for borrowers who are still in the process of leasing out each room.
Certain Lending does not limit the number of bedrooms to finance a PadSplit property. The maximum number of bedrooms allowed can vary based on local zoning codes. Generally, PadSplit properties aim for 4 to 6 bedrooms per home, though in some cases, properties with more rooms may be acceptable. Ensure you check with both your local zoning laws but note that we do not have a limit.
The Debt Service Coverage Ratio (DSCR) for a PadSplit loan is calculated by dividing the property's net operating income by the total debt service. Certain Lending uses the market rent when calculating DSCR on PadSplit rental loans.
Hear from our clients
We develop and maintain deep relationships with our clients, becoming friends and a trusted adviser. Listen to some of them, and you’ll see why.
– Mike Dubin
– David Entz
Our process
Create an account
In your portal, click “New project” and input the details for the project to request a loan
Begin checking off the initial tasks within your respective project
An offer will be released to you via your portal, and once accepted, we are off to the races to get your loan closed
Short-term financing to buy and renovate properties with up to 10 units. We support experienced and new investors with competitive terms and pricing.
Financing of newly constructed or renovated properties that are currently vacant and stabilized and are ineligible for permanent financing.
We finance the construction of residential and small multifamily investment properties. Investors appreciate our flexible terms, ease of draw funding, and speed of closing.
Permanent financing of rental properties with long-term tenants. These loans use the rental cash flow and stabilized property value to determine the loan amount.
A solution for investors who need permanent financing for their rentals listed on AirBNB and VRBO. This product allows DSCR to be calculated by using 12 months of operating history or AirDNA rents as market rent.
For experienced investors, we finance up to 10 rental properties as a single loan. These loans are often more cost effective than closing each loan individually.
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Small business owners and self-employed individuals have the ability to obtain permanent financing on their rental properties by underwriting their income, instead of rental property cash flow. We do this by analyzing bank statements and do not require tax returns.
Streamlined experience
Intuitive software simplifies every aspect of financing investment properties. Our clients enjoy unmatched speed, predictability, and robust risk management.
