No W-2, no tax returns, no cap on how many properties you own. A 30-year fixed loan to your Iowa LLC, underwritten on the property's cash flow — purchase, refinance, or cash-out.
We built one loan, priced it as tightly as we can, and we look for borrowers who fit it. If you fit, you should beat the rate you'd get shopping the same file around. If you don't, we'll tell you here — not three weeks and an appraisal fee from now.
Des Moines + West Des Moines, Ankeny, Urbandale, Clive, Johnston, Waukee · Cedar Rapids + Marion · Iowa City + Coralville · Davenport + the Quad Cities · Waterloo + Cedar Falls · Sioux City · Ames · Dubuque · Council Bluffs
Throughout each metro, without exception. We do not currently lend on rural property anywhere in Iowa.
Refinancing a low-rate first mortgage to reach equity reprices every dollar you already borrowed. A second mortgage sits behind your existing note, leaves it untouched, and prices only the new money.
Below 70% LTV, taking cash out costs about an eighth of a point over a purchase. Six months of ownership, a lease in place, and the appraisal converts your renovation into borrowable equity — the standard BRRRR exit.
Send the address, rent, value, loan amount, and rough credit score. That's enough for a number — no application, no credit pull.
You work with one EquityBoost team from application through closing — no broker hand-off. We originate and close in our own name, and the file is underwritten to the standards of the investor that buys it, so approval and sale are one decision, not two.
From complete application, with the appraisal as the usual long pole. Iowa's abstract-and-opinion title process is home turf for us, not a delay — a leased property with a current abstract moves faster.
After closing we sell the loan to an institutional investor, and servicing transfers with it. You get written notice of where to send payments.
Conventional financing stops at ten financed properties. DSCR has no limit — if you've been declined for property count, you're exactly who this is for.
A low-rate first mortgage and years of appreciation, with no way to reach it that doesn't destroy the cheap debt. The second lien exists for you.
Tax returns that understate real cash flow, and no patience left for explaining Schedule E to a bank. No income documentation here.
Renovated, stabilized, leased — now the hard money needs paying off. We refinance on the appraised value, cash out after six months of ownership.
Entity borrowers by default, buying for the numbers. The whole file runs remote except the closing.
A maturing balloon or a bank note you've outgrown, replaced with a 30-year fixed that never asks you to requalify.
Send the address, the rent, and the loan amount you have in mind. If it fits, you'll have a number quickly. If it doesn't, you'll know that just as quickly.