Financing Your Dream Second Home

Do you want to purchase a weekend cabin, a beachfront property, or a home for future rental income? We provide the flexibility to make your dreams a reality!

BNB Lending finances a vacation property, a second residence, or an investment home. With competitive rates and flexible terms, designed to expand real estate portfolio or enjoy a getaway retreat. We offer streamlined applications and quick approvals, making the process simple and hassle-free.

 Asset Types

• Single Family Homes
• Townhomes
• Condos
• 2 - 4 Units (Duplex, Triplex, Quadplex)
• Multi-Family: 5 - 8 Units
• Mixed-Use: 2 - 8 Units
• Multi-Family: 9+ Unit

Loan Terms

Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)

Purchase LTV: Up to 85%

Rate & Term Refinance LTV: Up to 80% 

Cash Out Refinance LTV: Up to 80%

Amortization: 30 Year % 40 Year Amortization Options Available

Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed

Floor Rate: 5.50% (subject to change daily due to market volatility)

Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)

DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.

Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.

Average Time to Close: 14 to 35 days