©2016 BY Monette Properties, LLC 

Check out our reviews on google!

Monette Properties, LLC

7740 Dale Ln Houston, TX 77040

409-223-2720
 

Portfolio Loans

  • Blanket loan for 7+ rental units to experienced investors

  • $700K+

  • 5 or 10-year term with balloon due at end of term • Amortization up to 30 years, with interest-only option available

  • Amortized Loans: 75% LTV • Interest-Only Loans: 70% LTV

  • Interest Rates: 6.00% - 7.50%

  • Min Debt Service Coverage Ratio: 1.15x (1.20x for interest only)

  • Borrower: LLC Credit 660+

  • Non-owner occupied: Single family residences, 2-4 family units, Condos, Townhomes, Multi-family 5-20 units (only for Portfolio Rental Loans)