Private Money411 Magazine - The Source for Real Estate Finance | Page 10

FirstKey Lending Continues to Innovate Randy Reiff, CEO of FirstKey Lending, LLC Makes 30 Year Loans Available to Portfolio Borrowers F irstKey Lending revolutionized the real estate market for entrepreneurs investing in residential rental properties when it began offering its one of a kind single-property loan product earlier this year. A fully amortizing 30-year fixed rate loan with competitive rates and no prepayment penalty. FirstKey’s Express single-property loan product offered entrepreneurial landlords the ability to manage their cash flow by avoiding interest rate risk and large balloon payments at the end of the loan term. “We saw immediate demand for our Express property loans,” says Randy Reiff, CEO of FirstKey Lending. But, as a market leader, FirstKey is committed to making it even easier to invest in one- to four- family rentals and is constantly innovating to provide additional financing options to current and prospective customers. Responding to the success of its Express property loan product, FirstKey recently made significant enhancements to the Express program to bring the benefits of this unique product to entrepreneurial customers who own portfolios of more than 10 properties. FirstKey is now also offering 30-year fixed rate solutions for portfolio loans of up to $5 million dollars with no restrictions on the number of properties financed. Like the single property loan, these portfolio Continued on pg. 13 PAGE 10 • 2015 Private Money411