MMTC's 3 or 5 year loan is designed for 1 to 4 Unit RESIDENTIAL, NON-OWNER OCCUPIED investment properties that are rented or plan to be rented in the immediate future and are in move-in condition. This product is not designed for properties that require rehabilitation or are not in move-in, rentable condition– see separate Fix-and-Flip Loan information for properties that require rehabilitation.

These loans are a great solution for qualified investors who are looking to hold properties for three or five years, but whose needs are not currently met by conventional loan products available. For example, perhaps a quick closing is required, or the investor owns more than four other properties, or the investor requires income underwriting that makes sense. Then, this may be the product for you!

General Loan Terms:
If Purchase: The lesser of 70% of purchase price or 70% of “As Is” Appraised Value.

If Refinance: No more than 70% of current “As Is” Appraised Value – However, it will also depend on how long the borrower has owned the property, what they originally purchased it for, and if repairs have been made, how much can be documented as paid improvements by borrower.

Cross-collateralization with other acceptable residential properties in Denver or Colorado Springs Metro areas for down payment may be possible (subject to satisfactory equity requirements that apply).

12% fixed, interest only payment due monthly.

2.5% Origination Fee on 3 Year Loan
3.0% Origination Fee on 5 Year Loan

Standard closing costs apply.

Rates and terms are subject to change without notice.