Sure Foundation Services. (SFS) provides loans on residential rental investment properties.

​

Collateral: Acceptable collateral includes 1-4 unit single family residential (SFR) and 5+ unit multifamily residential. SFR includes houses, townhouses, duplex, triplex, quadplex, as well as individual condominium units. Multifamily includes garden apartment buildings, bungalow courts, and multistory apartment buildings. SFS will also lend on mixed-use buildings so long as the residential component is at least 51% of the square footage. Rental loans can be on a single property or a portfolio of rental properties.

​

Borrower: Acceptable borrowers are business entities. Borrowers are almost always limited liability companies (LCCs). The individuals owning a borrower can be experienced or inexperienced with rental properties. SFS may provide greater loan sizes to individuals that have at least 3 years of experience owning rental properties. It is not a requirement to have a third-party property manager.

​

Application & Timing: The application process is fairly simple. The main item is obtaining a property appraisal. It usually takes several weeks for an appraiser to deliver a proper appraisal. After receipt of an appraisal report, SFS can close the loan in under a week.

​

Payments: After a loan closes, the monthly payment amount is fixed so it is the same amount every month. SFS uses what is called 30/360 accrual which can save borrowers money and causes the monthly payment amount to be fixed. SFS does NOT require reserves for interest and real estate taxes, the borrower pays those directly.