Our Cashout Loan eliminates the need to wait for the typical one-year seasoning requirement as well as a 6-month seasoning period.

The our step is for us to provide you with a no-seasoning cash-out loan using the full stepped-up cost basis value of the property. This loan will be your long term DSCR loan leveraged by our private lending.

The Net Result is that you get cash out of your property using the cost basis to do more properties with having equity on the appraised value without the one-year seasoning requirement.

Our investment property cash-out long term refinance loan has no seasoning period. You can purchase an investment property, fix it up, and immediately pull out your cash using the total cost basis with no seasoning period

We offer investor cash-out rental loans with no seasoning period. This is very different from other lenders. The seasoning period for most lenders is now 1 year. For those who have financed an investment property in your personal name, you may have heard that you can do a cash-out refinance on a conventional loan that has been held for 6 months. This is no longer the case. Fannie Mae and Freddie Mac adopted a new rule on March 7, 2023, that states a loan must be held for a full year before the loan is considered to be seasoned and can be refinanced using the current appraised value.

The new rule is as follows:

When proceeds of a cash-out refinance Mortgage are used to pay off a First Lien Mortgage, the First Lien Mortgage being refinanced must be seasoned for at least 12 months (i.e., at least 12 months must have passed between the Note Date of the Mortgage being refinanced and the Note Date of the cash-out refinance Mortgage), as documented in the Mortgage file (e.g., on the credit report or title commitment).

We have been in Real Estate for over 25 years as Investors, wholesalers and realtors and we developed a suite of investor loan products to help you grow your portfolio. With our program, you can refinance as soon as your repairs are complete. You don’t have to wait a year to take out your cash.

Conventional lending typically refers to loans provided by traditional financial institutions such as banks or credit unions. These loans often have standardized terms and conditions, including stringent credit requirements, documentation, and sometimes lengthy approval processes. Conventional lenders typically rely heavily on credit scores, income verification, and property appraisals to determine eligibility and loan terms.

Private lending, on the other hand, involves borrowing from individuals or private companies rather than traditional financial institutions. Private lenders often offer more flexibility in terms of loan terms and eligibility criteria. They may be more willing to overlook certain credit issues or income limitations and can sometimes provide funding more quickly than conventional lenders. Private lending arrangements may involve higher interest rates and fees compared to conventional loans, but they can be an attractive option for borrowers who may not qualify for traditional financing or who need to close quickly.

Benefits of using private lending over conventional lending for investment properties include:

Faster Approval and Funding: Private lenders often have streamlined approval processes and can provide funding more quickly than conventional lenders, allowing investors to capitalize on time-sensitive investment opportunities.

Flexible Eligibility Criteria: Private lenders may be more willing to work with borrowers who have less-than-perfect credit, limited income documentation, or unconventional sources of income, making it easier for investors to secure financing.

Customized Loan Terms: Private lenders can often offer more flexible loan terms tailored to the specific needs of the borrower and the investment property, including interest rates, repayment schedules, and collateral requirements.

Less Stringent Property Requirements: Private lenders may be more willing to finance properties that do not meet the strict appraisal and inspection requirements of conventional lenders, allowing investors to pursue a wider range of investment opportunities.

Opportunity for Creative Financing: Private lending arrangements can offer opportunities for creative financing structures, such as interest-only loans, balloon payments, or equity participation, which may not be available through conventional lending channels.

Yes. It provides assurity that taxes are paid on time and insurance premiums are covered during the loan term.

At loan origination, the borrower shall deposit with lender an amount sufficient to pay the following:

o All property taxes by the 30th day prior to the date such taxes become initially due, and

o Initial insurance premium for a policy expiring within 2 months of Loan Origination Date

• Monthly Payment should be escrowed including taxes and insurance, subject to:

o 1/12 of projected annual property taxes estimated to be payable during the next 12 months, and

o An amount equal to 1/12 of the Insurance Premium(s) estimated to be payable for renewal/replacement of the Insurance policies upon the expiration thereof

o Subject to traditional and periodic escrow account analysis (performed at servicer level)

Yes. Our loans are for Business Purposes only and we do not conform to the Conventional Lending Market. Plus, having a property under a bunsiness form entity protects you from legal action on yourself personally.

Eligible Borrower Entities include the following (any not listed are not permissible for origination unless otherwise

approved by our team):

• Limited Liability Company (“LLC”)

• Limited Partnership (“LP”)

• Corporations (“Corp”)

• Trusts (Revocable Trusts only)

• IRA LLC (see unique requirements outlined below)

Validation Documents for Borrowing Entities include the following:

• Personal Identification for any member with 20% or more ownership within entity (Driver’s License,

Passport, Green Card, or other government issued photo identification acceptable)

• Valid Certificates of Formation (Articles of Organization / Incorporation)

• Valid Operating Agreement / Partnership Agreement / Bylaws

• Valid Certificate of Good Standing

• Executed W9 and/or EIN

• Entity Background Check (see Background Check section of document for further guidance)

Validation Documents for IRA LLC entities are as follows:

• The sole member must be self-directed IRA

• The manage must be the IRA holder

• Fully executed Operating Agreement

• Borrower resolution authorizing the IRA LLC to enter into the loan transaction with Onyx Capital Partners

• The sole member must be investor/sponsor (Self-Directed IRAs only)

• Corporate Resolution from IRA custodian (Self-Directed IRAs only)