$1,000,000. However, the portfolio loan offers a lower interest rate (7.25%) than individual loans (7.5%), based on his individual portfolio, leading to lower monthly payments and significant savings over time.
STREAMLINING YOUR INVESTMENTS
ADDITIONAL CONSIDERATIONS
In addition to interest rate reductions that lower monthly payments, there are also cost savings from consolidating escrow/title fees, legal fees, appraisals, due diligence, and more. The portfolio loan streamlines these costs, offering a more predictable and manageable financial plan. Beyond cost savings, Ethan simplifies his rental property business with just one title policy, escrow, set of loan documents, and monthly payment for all 10 of his properties. Seeing the numbers laid out, Ethan realizes the portfolio loan is a no-brainer. The lower fees and the significant interest rate reduction translate to more money in his pocket, plus a simpler way to manage his expanding portfolio.
With more than $12.3 billion in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data and technology to offer REIs a simpler, more reliable, and faster way to access the capital they need to scale their businesses. Formerly known as LendingHome, Kiavi is committed to helping customers revitalize the approximately $25 trillion worth of aged U.S. housing stock to provide move-in ready homes and rental housing for millions of Americans across the country. NMLS ID #1125207
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