Common RTL loans
Buy and renovate
Short-term loans for investors buying at a known basis, with a scope of work and a plan to sell or refinance.
Finish the project
Loans to finish a project when the budget, draws, title and exit are documented.
Refinance out
Short-term loans that end in a DSCR loan, a portfolio refinance, a sale or another takeout.
What to send
Residential transition questions
What does RTL mean in lending?
RTL is short for residential transition loan: a short-term, business-purpose loan on a house or small residential property while you buy it, fix it or build it, before you sell or refinance.
How is RTL different from DSCR?
An RTL is a short-term loan to get to a sale or refinance. A DSCR loan is the long-term rental loan you refinance into once the rent covers the payment.
Can brokers submit RTL loans?
Yes. Include the property, loan amount, basis, scope, the borrower's experience, timing and exit.
Renovation or ground-up
Acquisition and renovation
Send purchase price or payoff, current value, renovation budget, estimated completed value, property type, units, experience and intended exit. Purchase funding, renovation funding, loan-to-cost and after-repair value are different measures.
Ground-up construction
Include land basis, plans, permit status, remaining budget and completed-value support. Ground-up construction requires a separate review from a renovation loan.
Ground-up construction reviewAfter you submit
Start with the basics. We'll tell you which program fits, then ask for the purchase contract or payoff, scope of work, budget, your experience and exit support through a secure channel.
What determines availability?
State, purpose, occupancy, property type, loan size and the full file, reviewed together. The transactions we publish are past loans and do not establish current eligibility.
Page reviewed October 8, 2026. Current terms are confirmed when we review your loan.