Has anyone dealt with Rental Home Financing

[Wendell De Guzman]

Has anyone dealt with Rental Home Financing?

They made BOLD claims which to me sound too good to be true. 

If any one has dealt with them, please let me know.

See below for their claims:

• Loan Sizes $500,000 to $30,000,000
• Non US citizenship Ok
• 75% LTV - LTC max
• Unlimited cash out
• Blanket Loan Lender
• 5 & 10 year fixed rates
• 30 year amortization
• 5% - 7% fixed rates

Property Types Available:
• Multi-Family (5+ Units)
• Single Family Housing – 5 Property Minimum
• Group of SFR's, Condos, Townhomes, Apartments
• Mixed-Use 

[Kevin Romines]

Having previously been a lender for 18 years, but I have been out of the market the last 3 years, the one thing that stands out to me is the rates. They are doing these as commercial which is fine, but are you truly going to get 5-7% on fully amortized commercial rates? Seems a little bit low to me. The only way this could be is if they are an "A" Grade commercial lender, even then it seems low?

Here is a place to start shopping around for a lender.

http://www.scotsmanguide.com/