6 Best Portfolio Mortgage Loan Lenders

Finding the best way to finance your real estate investment is always important, but it is absolutely crucial when investing in an entire portfolio of rental properties. With so many lenders funding rental portfolios, it’s difficult to choose the best one.

To help you out, in this article we’ve reviewed and ranked the 6 best portfolio mortgage loan lenders in the US market. We’ve considered a number of different factors including rates and costs, terms, and qualifications to provide comprehensive analysis of each of these lenders and decide what they are best for.

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The 6 best portfolio mortgage loan lenders are:

• Haus Lending: Best Overall Portfolio Mortgage Loan Lender
• Lima One Capital: Best Small Portfolio Mortgage Loan Lender
• LendingOne: Best Large Portfolio Mortgage Loan Lender
• CoreVest: Best Portfolio Mortgage Loan Lender for Fixed Rates
• Roc Capital: Best Portfolio Mortgage Lender for Large Loan Amounts
• Kiavi: Best Portfolio Mortgage Lender for Long Loan Terms

How We Selected the Best Portfolio Lenders

Choosing the best portfolio mortgage loan lenders has to rely on multiple factors. After all, there are millions of dollars at stake when you own a portfolio of rental properties.

In our evaluation, we’ve focused on the following indicators:

• Allowable transactions: We looked for portfolio mortgage loans that allow investors both to purchase properties and to refinance existing rentals.
• Interest rate: We analyzed the starting interest rate and whether it’s a fixed or adjustable rate. Interest is one of the main costs of taking a real estate loan, so we wanted to ensure competitive rates.
• Origination fees and closing costs: We looked at what other fees and costs investors need to cover when borrowing a loan for their portfolio.
• Prepayment penalty and yield maintenance: We considered the penalties landlords need to expect should they choose to repay their loan in advance.
• Loan amounts: We searched for portfolio lenders that offer both small and large loans to meet the needs of different investors. Moreover, we considered what part of the properties’ value they finance.
• Loan terms: We focused on lenders that provide long-term loans to make monthly payments more affordable.
• Minimum qualifications: We took into account the minimum required credit score, DSCR, cash reserves, rental occupancy, and investor experience.
• Closing time: We ranked portfolio lenders that approve and process loans fast so that investors don’t lose on good deals because of the lack of funding.

Haus Lending: Best Overall Portfolio Mortgage Loan Lender

Haus Lending was established in 2020, with headquarters in New York, NY. The company aims to bring institutional knowledge and capital to everyday investors who are usually ignored by Wall Street. As part of R360, the company has funded $2+ billion in loans, emphasizing the use of technology in the process. Haus Lending provides different types of loans to residential real estate investors, and it’s the best portfolio mortgage loan lender operating in 44 US states.

Haus Lending Rates and Costs

Haus Lending rental portfolio loans can be used for purchases as well as for rate/term and cash-out refinances. Qualifying properties include single-family homes, townhomes, warrantable condos, PUDs, 2-4 units, and 5-8 units.

• Interest rate: Starting at 3.95%
• Origination fees: Depends on loan

Haus Lending Terms

• Loan products offered: Fixed rate, fully amortizing and 5/6, 7/6, and 10/6 hybrid ARMs, partial IO or fully amortizing
• Loan amount: $250,000-$50,000,000
• Maximum loan term: 30 years
• LTV: Up to 80% for purchase and rate/term refinance; up to 75% for cash-out refinance
• LTC: Up to 80% if owned less than 3 months; no limit if owned more than 3 months
• Non-recourse with bad-boy carveouts and pledge of equity of borrowing entity

Haus Lending Qualifications

• Minimum credit score: 680
• Minimum DSCR: 1.1
• Minimum stable occupancy: 90% of unit count
• Minimum investor experience: Working with different types of rental property investors

Apply for a Loan with Haus Lending

Haus Lending has an entirely online loan application process. Interested rental property investors need to fill an online form on the company website to initiate the process.

To start the application process with the best overall portfolio mortgage loan lender, real estate investors can visit the Haus Lending website or call 877-464-4287.

Lima One Capital: Best Small Portfolio Mortgage Loan Lender

Lima One Capital was founded in 2010, with headquarters in Greenville, SC. It has become a leading lender for real estate investors, including such with rental portfolios. Lima One Capital has funded $7+ billion in loans, covering 24,000+ projects in 46 US states. Unlike other best portfolio mortgage loan lenders, this one works with investors with small portfolios, starting at 2 units.

Lima One Capital Rates and Costs

Lima One Capital’s rental property lending options can be used to purchase or refinance portfolios. Even small investors with 2 properties can qualify for these loans.

• Interest rate: Starting at 6.25%
• Origination fees: Up to 3.5%
• Closing costs: 2%-5% of amount borrowed
• Prepayment penalty: Up to 1% of balance; flexible prepayment options

Lima One Capital Terms

• Loan products offered: Fixed rate, ARMs, fully amortizing, interest only, or balloons
• Loan amount: $75,000+
• Maximum loan term: 30 years
• LTV: Up to 80%
• Up to 75% cash-out refinance
• Allowable transactions: Purchase or refinance
• Multiple structure options available
• Non-recourse options available

Lima One Capital Qualifications

• Minimum credit score: 630
• Minimum DSCR: 1.5 (for DSCR loans)
• Minimum stable occupancy: 90 days
• Minimum cash reserves: 6 months
• Minimum investor experience: Investors with different portfolios and different strategies can apply.
• Expected funding time: Closing within 30 days

Apply for a Loan with Lima One Capital

Applying for a portfolio mortgage loan at Lima One Capital can be done entirely online. Interested investors need to fill in an online form on the company website, after which they will be connected with a dedicated sales consultant. Closing is usually done within 30 days of expressing interest.

To start the application process with the best small portfolio mortgage loan lender, real estate investors can visit the Lima One Capital website or call 800-390-4212.

LendingOne: Best Large Portfolio Mortgage Loan Lender

LendingOne was established in 2014, with headquarters in Boca Raton, FL. The company is one of the largest nationwide direct private lenders, operating in 45 US states. LendingOne has provided $1+ billion in loans to repeat customers and has 1,000+ existing clients. While the company works with both small and big investors, it is the best choice for rental property owners with large portfolios. They have completed loans of $30+ million and have lent $100+ million to a single borrower.

LendingOne Rates and Costs

LendingOne portfolio rental loans serve the needs of investors conducting deals with 5+ properties. They can be used for new purchases, rate/term refinances, and cash-out refinances. Qualifying property types include single-family residences, condos, townhomes, 2-4 unit properties, and PUDs.

LendingOne provides two different types of portfolio mortgage loans: RentalOne Portfolio Loan for investors with smaller portfolios, looking for longer terms and more prepayment flexibility and Portfolio Pro Loan for investors with large portfolios, looking for the best rate and non-recourse options.

While these two types of loans have the same rates and costs, they have different terms.

• Interest rate: Starting at 4.25%
• Origination fees: 1.75%-3% of loan amount
• Closing costs: 2%-5% of amount borrowed
• Prepayment penalty: There is a prepayment penalty between 1 and 5 years; multiple options are available, based on loan and pricing

LendingOne Terms

LendingOne RentalOne Portfolio Loan Terms

• Loan products offered: Fixed rate and 5/1; 30-year amortizations
• Loan amount: $500,000-$2,000,000
• Maximum loan term: 30 years
• LTV: Up to 75% of the stabilized value
• Allowable transactions: Purchase, rate/term refinance, and cash-out refinance

LendingOne Portfolio Pro Loan Terms

• Loan products offered: Fixed rate; 30-year amortization or interest only
• Loan amount: $1,000,000-$50,000,000
• Maximum loan term: 10 years
• LTV: Up to 75% of purchase/refinance
• Allowable transactions: Purchase, rate/term refinance, and cash-out refinance

LendingOne Qualifications

• Minimum credit score: 680
• Minimum stable occupancy: A lease with no less than 3 months remaining
• Minimum investor experience: At least 1 completed investment. Eligible borrowers include LLCs and corporations, not individuals.
• Expected funding time: Closing within 14 days

Apply for a Loan with LendingOne

LendingOne offers an easy online loan application process. Landlords with large portfolios of rental properties need to fill in an online form on the company website. They can expect to receive approval and rate quotes within a few minutes, after which they get personalized service with their own loan consultant and closing agent. Closing usually happens within 14 days. This makes the closing process significantly shorter than with other best portfolio mortgage loan lenders.

To start the application process with the best large portfolio mortgage loan lender, real estate investors can visit the LendingOne website or call 866-837-9547.

CoreVest: Best Portfolio Mortgage Loan Lender for Fixed Rates

CoreVest, previously Colony American Finance, was established in 2014, with headquarters in Irvine, CA. This is one of the largest lenders to residential real estate investors, having closed $20+ billion in loans and having funded 140,000+ units in 48 US states. While CoreVest offers a few different types of real estate loans, the rental loans are the best option for landlords with multiple investment properties looking for fixed rates.

CoreVest Rates and Costs

The CoreVest portfolio mortgage loans provide access to long-term financing at a fixed rate. They are available to investors with 5+ rental units. Landlords can use CoreVest loans to unlock existing equity, consolidate other debt, or buy new rental properties. Qualifying properties include single-family homes, condos, townhomes, and multifamily homes.

• Interest rate: Starting at 5.5%, fixed rate
• Origination fees: 1% of loan amount
• Prepayment penalty: Yield maintenance

CoreVest Terms

• Loan products offered: Fixed rate
• Loan amount: $500,000-$10,000,000
• Maximum loan term: 10 years; 30-year amortization
• LTV: Up to 75%
• Allowable transactions: Purchase or refinance
• Non-resource options available

CoreVest Qualifications

• Minimum DSCR: 1.20
• Minimum stable occupancy: 90%+ leased; non-owner occupancy only
• Expected funding time: Closing within 4-6 weeks

Apply for a Loan with CoreVest

CoreVest has established an efficient, fully online application process, which requires the following steps:

• Origination: Qualified investors need to submit an online application or call CoreVest to start working with a CoreVest Relationship Manager to size and price the loan.
• Underwriting: Landlords will work with a dedicated in-house team for guidance through the process.
• Closing: Investors can close in as little as 24 hours once the loan has been approved.

To start the application process with the best portfolio mortgage loan lender for fixed rates, real estate investors can visit the CoreVest website or call 844-223-7496.

Roc Capital: Best Portfolio Mortgage Lender for Large Loan Amounts

Roc Capital was founded in 2009, with headquarters in New York, NY, and has been providing private funding to residential real estate investors since 2014. Since then, it has originated $8+ billion over 15,000+ white-label loans in 45 US states. The company provides rental portfolio loans of up to $50,000,000, which makes it the best portfolio mortgage lender for large amounts.

Roc Capital Rates and Costs

Landlords can use the Roc Capital rental portfolio loans to purchase new properties or to refinance. Single-family homes, townhomes, warrantable condos, 2-4 units, and PUDs all qualify.

• Interest rate: Starting at 7.45%
• Prepayment penalty: 1-5 years, depending on loan
• Yield maintenance: 5-10 year yield maintenance period, depending in loan

Roc Capital Terms

• Loan products offered: Fixed rate, fully amortizing and 5/6, 7/6, and 10/6 hybrid ARMs, partial AI or fully amortizing
• Loan amount: $250,000-$50,000,000
• Maximum loan term: 30 years
• LTV: Up to 80% if owned less than 3 months; additional 5% if owned 3-6 months
• Allowable transactions: Purchase or refinance

Roc Capital Qualifications

• Minimum credit score: FICO 660
• Minimum DSCR: 1.10
• Minimum stable occupancy: 90% of unit count
• Minimum cash reserves: First 3 months of debt service

Apply for a Loan with Roc Capital

Roc Capital has facilitated the online application process for interested landlords who need to go through the following 3 steps:

• Signing up: After creating an account, investors can submit deals directly through an online portal.
• Onboarding: Deals get approved quickly.
• Funding deals: The Roc Capital Relationship Managers fund deals fast.

However, Roc Capital does not provide information on the average closing time.

To start the application process with the best portfolio mortgage lender for large loan amounts, real estate investors can visit the Roc Capital website or call 212-607-8333.

Kiavi: Best Portfolio Mortgage Lender for Long Loan Terms

Kiavi, previously LendingHome, was founded in 2013, with headquarters in San Francisco, CA. In about a decade, the company has funded 50,000+ projects in 32 US states plus DC, worth $12.3+ billion. Loan terms reach up to 30 years, which makes Kiavi the best portfolio mortgage loan lender for long terms.

Kiavi Rates and Costs

Rental portfolio loans provided by Kiavi can be used to purchase properties or to execute rate/term and cash-out refinances. To qualify, landlords need to have 5+ rental properties in their portfolio.

• Interest rate: Starting at 6.75%

Kiavi Terms

• Loan amount: $500,000+
• Maximum loan term: 30 years
• LTV: Up to 75%
• Interest only options

Kiavi Qualifications

• Minimum credit score: FICO 660
• Minimum investor experience: Real estate investing experience required
• Expected funding time: Closing within 2 weeks

Apply for a Loan with Kiavi

Applying for a portfolio mortgage loan with Kiavi happens online and requires going through the following steps:

• Pre-qualification through the Kiavi online platform
• Application
• Processing
• Appraisal
• Valuation
• Underwriting
• Closing

Closing usually happens within 2 weeks.

To start the application process with the best portfolio mortgage lender for long loan terms, real estate investors can visit the Kiavi website or call 844-415-4663.

Takeaway

Our review of the best portfolio mortgage loan lenders shows that Haus Lending is the best overall option. Lima One Capital is the top choice for rental property investors with small portfolios, while LendingOne and Roc Capital are ideal for those with large portfolios and large loan amount requirements. Landlords looking for fixed rates should consider CoreVest, and investors interested in long loan terms can look into Kiavi.