Meridian Residential Capital
DSCR Rental LoanSFR rental purchase — 3 bed / 2 bath
- Rate
- 7.125%
Interest Rate: 7.125% fixed
- Term
- 30 years
Product: 30-Year Fixed, fully amortizing
- Leverage
- 80.00%
Loan-to-Value: 80.00% of the lesser of purchase price or appraised value
- Fees
- 1.50%
Origination Fee: 1.500% of loan amount ($4,260)
This sheet answers 21 of the 47 terms this tool looks for.
26 terms are not addressed at all — a term the sheet leaves out is not an absent cost, it is a cost nobody has quoted you yet, which is what the 27 questions below are for. 1 sits outside the normal range for this loan type.
The verdict
Graded against the rules the industry actually uses, then stress-tested on the way out. New to this? Start here.
88 out of 100
This is a competitive sheet. The asks below are about trimming, not fixing.
How it scores
- Debt service coverage required1.25× coverage standard
This is the test of whether the rent covers the mortgage. A 1.25 means the lender wants rent to be 25% more than the payment. The lower the number they will accept, the more you can borrow on the same property.
COkay
- This deal:
- 1.10x
- Industry norm:
- 1.00–1.25x typical for DSCR; 1.25x+ for commercial
- Read from:
- dscr minimum
- Interest rate
What the money costs per year. Worth remembering that on a short-term loan the fees often matter more than the rate, because you only pay the rate for a few months but you pay the points in full on day one.
AStrong
- This deal:
- 7.1%
- Industry norm:
- 6.875–13.125% for this loan type
- Read from:
- interest rate
- All-in cost of capitalRate + fees over the actual hold
The rate is not the price. Add the points and spread everything over how long you actually hold the loan, and a "9%" loan with 1.5 points over 12 months really costs you more than 9%.
AStrong
- This deal:
- 7.2%
- Industry norm:
- 7–9% all-in
- Personal liability
The lender is limited to the property itself, except for specific bad acts like fraud. This is the borrower-friendly version.
AStrong
- This deal:
- Non-recourse with carve-outs
- Industry norm:
- Non-recourse with standard carve-outs is the better outcome
- Freedom to repay early
There is a cost to paying this off early. Check both the prepayment penalty and the minimum interest — the second one does the same job under a different name.
COkay
- This deal:
- 5/4/3/2/1 step-down
- Industry norm:
- Bridge loans should be open or near-open; watch minimum interest
How to push back
Specific asks, with why they land. Ask for several; concede the ones set by their credit box.
- Ask for 1.00% origination instead of 1.50%.Usually works
Points are the most negotiable line on any term sheet, and the ask costs you nothing. It lands far more often when you can say another lender has quoted you lower.
- Ask whether interest runs on the full commitment or only on funds drawn — and get the rate for the other one.Usually works
On a loan with a large holdback this is worth more than half a point of rate, and it is not on the page. Lenders quote both when asked.
- Ask for the good faith deposit to be refundable if the lender declines after underwriting.Worth a try
The deposit protects them if you walk and normally does nothing for you if they do. Making it symmetrical is a reasonable ask and rarely refused outright.
Analysis
Derived from the extracted terms — not from the label on the document.
What this loan is, read from its terms
✓ The terms are consistent with a DSCR rental loan.
How we worked that out
- — Term stated in years ("30 years") — that is 360 months.
- — Term of 360 months makes this a long-term loan.
- — Amortizing over 360 months.
- — Qualified on property income — a coverage test is present.
Numbers this sheet does not give you
- Points payable at closing
- $7,100
- Interest per year at this rate
- $20,235
2.50% of $284,000 (1.50% origination + 1.00% discount).
7.13% of $284,000. On a monthly basis, $1,686.
Questions to ask your lender
Generated from what this sheet left out, left vague, or priced outside the normal range for a dscr rental loan.
27 questions, most important first.
- Loan PurposeNot addressed
What purpose is this priced as? If I switched to a cash-out refinance, what happens to the rate and the maximum LTV — and is there a seasoning period before I can?
This term sheet does not address this at all.
- Short-Term Rental Income TreatmentNot addressed
What factor do you apply to trailing STR revenue, and what documentation do you accept? If I have no operating history, will you use a market projection, and on what terms? Can I fall back to long-term market rent if it qualifies better?
This term sheet does not address this at all.
- Eligible Property TypesNot addressed
Is my specific property type eligible on this program — including unit count, condo warrantability, and rural designation? Does any of it change the rate or the LTV cap rather than simply disqualify me?
This term sheet does not address this at all.
- Seasoning RequirementNot addressed
What is the seasoning requirement for cash-out, measured from what date? If I have not met it, will you lend against the current appraised value or my original cost basis?
This term sheet does not address this at all.
- Non-Recourse Carve-Outs (Bad Boy)Not addressed
Please send the full carve-out list now rather than at documentation. Are any of them full-recourse triggers rather than loss-only? Is there a carve-out for failure to deliver reporting?
This term sheet does not address this at all.
- Cross-Collateralization and Cross-DefaultNot addressed
Are the properties cross-collateralized, cross-defaulted, or both? What does it take to release one property, and what is the release price?
This term sheet does not address this at all.
- Conditions to ClosingNot addressed
Which of these conditions do you expect to be hardest on my deal? Is anything here a gating item I should start on today?
This term sheet does not address this at all.
- Interest-Only PeriodNot addressed
Do you qualify my DSCR on the interest-only payment or the amortizing payment? What does my payment jump to when the IO period ends?
This term sheet does not address this at all.
Standardized terms
Economics
Loan Amount
The principal the lender is offering to advance.
$284,000
Loan Amount: $284,000
Loan Purpose
The transaction type this loan is priced as — acquisition/purchase, rate-and-term refinance that replaces existing debt, or cash-out refinance that returns equity to the borrower. This is how the borrower comes to own or re-finance the asset, not what will be built or renovated on it: a scope of work, a construction description or a property description is not a loan purpose.
Not addressed
Two sheets are not comparable until you know this. Purpose sets the LTV ceiling and the price before any other factor — a cash-out refinance is typically capped several points below a purchase and carries a rate add-on, so a cash-out quote that looks worse than a purchase quote may in fact be the better offer. A sheet that never states it is quoting against an assumption you have not seen.
Typical: Purchase, rate-and-term refinance, or cash-out refinance
Loan-to-Value (LTV)
The loan amount as a percentage of the property value — usually the lesser of purchase price and appraised value.
80.00%
Loan-to-Value: 80.00% of the lesser of purchase price or appraised value
Interest Rate
The annual rate charged on the outstanding balance.
7.125%
Interest Rate: 7.125% fixed
Rate Structure (Fixed / Floating, Index, Spread, Floor)
Whether the rate is fixed for the term or floats over an index such as SOFR, plus the spread added to that index and any floor below which the rate cannot fall.
Not addressed
A floating rate with a floor is a one-way bet against you: you get none of the benefit if rates fall below the floor, and all of the exposure if they rise.
Typical: Almost always fixed for the full 30-year term
Origination Fee / Points
The lender's fee for making the loan, stated as a percentage of the loan amount.
1.50%
1.500% ($4,260)
Origination Fee: 1.500% of loan amount ($4,260)
Discount Points (Rate Buydown)
Optional points paid at closing to reduce the interest rate.
1.00%
1.000% ($2,840)
Discount Points: 1.000% ($2,840)
Term
How long until the loan matures and the full balance is due.
30 years
30-Year Fixed
Product: 30-Year Fixed, fully amortizing
Amortization
The schedule over which principal is repaid. Longer amortization means lower payments and a larger balance left at maturity.
360 months
Amortization: 360 months
Interest-Only Period
A period during which only interest is due and the principal balance does not reduce.
Not addressed
Improves cash flow early on, but you build no equity during it, and lenders normally still qualify you on the fully amortizing payment — so it helps your wallet, not your approval.
Day Count / Accrual Convention
The convention used to compute interest — 30/360, Actual/360, or Actual/365.
30/360
Interest Accrual: 30/360
Typical: 30/360 typical
Credit Tests
Minimum DSCR
The minimum ratio of property income to debt service the lender requires. A 1.25x requirement means income must be 25% above the payment.
1.10x
Minimum DSCR: 1.10x for this pricing tier
DSCR Calculation Method
How the ratio is actually computed — gross rent over PITIA, or net operating income after an expense factor over debt service, and whether the payment used is the amortizing one.
Gross monthly rent ÷ PITIA
Gross monthly rent divided by PITIA. Rent is the lesser of the in-place lease rent or the market rent supported by the Form 1007 Comparable Rent Schedule.
DSCR Calculation: Gross monthly rent divided by PITIA.
Typical: Single-asset: gross rent ÷ PITIA. Portfolio: NOI after expense factor ÷ amortizing debt service
Income Qualification Source
Which rent figure the lender uses — the in-place lease, market rent from a Form 1007 rent schedule, or trailing short-term-rental revenue.
Lesser of in-place lease or Form 1007 market rent
Rent is the lesser of the in-place lease rent or the market rent supported by the Form 1007
Typical: Lesser of in-place lease rent and Form 1007 market rent
Short-Term Rental Income Treatment
How revenue from short-term rental platforms is counted — typically trailing twelve months of actual receipts with a haircut factor applied.
Not addressed
The haircut is applied before the coverage test, so a 17% reduction in counted revenue can be the difference between approval and decline. Terms are also tighter across the board: lower LTV, higher minimum DSCR, more required liquidity.
Typical: T12 platform revenue with a haircut factor; lower LTV and higher reserves
Minimum Credit Score
The minimum qualifying credit score, usually the mid-score of the primary guarantor.
742 qualifying
Above the typical range for this loan type (660–720 score).
Credit Score: Qualifying FICO of 742
Borrower Experience Requirement
The number of comparable projects completed, used both to qualify the borrower and to set the pricing tier.
Not addressed
In the bridge category experience is priced directly: the gap between a first-timer and a ten-deal operator can be two points of rate and ten points of leverage.
Typical: Some programs require ownership of at least one other rental property
Eligible Property Types
The stated rule about which property types this program will lend on, and which it excludes or prices differently — unit count, condominium, rural, mixed-use, manufactured, short-term rental. This is the eligibility policy the sheet sets out, not a description of the subject property: "two detached single-family residences" is what this deal happens to be, whereas "1–4 unit non-owner-occupied; no rural, no manufactured" is the rule. If the sheet only describes the subject property and states no policy, this term is absent.
Not addressed
This is the most common reason a quote evaporates between term sheet and underwriting. Eligibility is decided by the program, not the deal, so a sheet issued before anyone looked at the subject property can be withdrawn in full once they do. A rate you cannot actually use on your property is not a rate.
Typical: 1–4 unit residential; condo warrantability, rural and short-term rental treated separately
Citizenship / Residency Requirement
Whether the borrower must be a US citizen or permanent resident, and the terms offered to a foreign national or a borrower on a visa.
Not addressed
A standard overlay that is rarely printed on the first page. Foreign-national programs exist at most investor lenders but carry their own pricing, a lower LTV ceiling, and documentation the borrower cannot produce quickly — passport, visa, US credit alternative, and often reserves held in a US account. Discovering it at underwriting costs the rate lock.
Typical: US citizen or permanent resident assumed; foreign-national programs priced separately
Seasoning Requirement
How long you must have owned the property before the lender will do a refinance, especially a cash-out.
Not addressed
The gate on the BRRRR strategy. Fail it and you either wait or you refinance against your purchase price rather than the improved value, which can strand most of your equity.
Ongoing Financial Covenants
Tests you must keep meeting after closing — net worth, liquidity, DSCR, and reporting obligations.
Not addressed
These are how a performing loan becomes a defaulted one without you ever missing a payment. A liquidity covenant tested annually can be breached by a bad quarter.
Typical: Portfolio loans only; single-asset DSCR loans rarely carry them
Structure & Risk
Recourse
Whether the lender can pursue your personal assets beyond the property. Non-recourse limits them to the collateral; full recourse does not.
Non-recourse with standard carve-outs
Non-recourse to the Borrowing Entity members except a guaranty of the Recourse Obligations covering fraud, misrepresentation, misappropriation of rents, waste, voluntary bankruptcy, and environmental indemnity.
This loan is non-recourse to the Borrowing Entity members except...
Typical: Non-recourse with standard carve-outs; personal guaranty of the carve-outs
Non-Recourse Carve-Outs (Bad Boy)
The acts that convert a non-recourse loan into a recourse one — typically fraud, misapplication of funds, waste, unpermitted transfers, and voluntary bankruptcy.
Not addressed
Term sheets almost never list them. Some carve-out sets are so broad that ordinary operating missteps trigger full personal liability, and you will not discover that until the loan documents arrive.
Typical: Standard set: fraud, misapplication of rents, waste, transfer, bankruptcy
Entity / Vesting Requirement
The legal entity that must hold title — commonly an LLC, sometimes a bankruptcy-remote single purpose entity with an independent manager.
Title must be held by the borrowing entity
Vesting: Title must be held in the name of the Borrowing Entity at closing.
Typical: LLC or corporation; title must be in the entity at closing
Cash Management / Lockbox
An arrangement where property income flows into a lender-controlled account. "Springing" means it activates only on a trigger; "hard" means it applies from day one.
Not addressed
Once it springs, you lose day-to-day control of your cash flow, and the cure conditions are usually harder to meet than the trigger was to trip.
Typical: Portfolio loans only
Assumption Rights
Whether a future buyer can take over your loan, and at what cost.
Not permitted
Assumption: Not permitted.
Typical: Usually not permitted
Subordinate / Supplemental Financing
Whether you may place additional debt behind this loan — a second mortgage, mezzanine debt, or preferred equity.
Not addressed
Determines whether you can pull equity out later without refinancing the whole stack.
Typical: Generally not permitted
Cross-Collateralization and Cross-Default
Whether multiple properties secure the same debt (cross-collateralized) and whether a default on one triggers default on all (cross-defaulted). These are separate things.
Not addressed
Cross-default without cross-collateralization is standard on credit facilities and means one bad deal can accelerate every loan you have with that lender.
Typical: Portfolio and blanket loans; release price typically 110–120% of allocated loan amount
Default Interest Rate
The rate that applies to the entire balance once the loan is in default, including at maturity.
Not addressed
A loan that reaches maturity unpaid is in default. On a bridge loan where the sale slips by a month, default interest can cost more than the extension fee you were trying to avoid.
Environmental Indemnity
A separate personal indemnity for environmental liabilities, which typically survives repayment of the loan and is carved out of non-recourse protection.
Not addressed
It outlives the loan. Even on a non-recourse deal, environmental exposure usually remains personal, and it does not go away when you pay the loan off.
Typical: Often required even on residential
Prepayment
Prepayment Structure
What it costs to pay the loan off early — a step-down penalty, yield maintenance, defeasance, a lockout period, or nothing at all.
5/4/3/2/1 step-down
5/4/3/2/1 step-down. A 3/2/1 structure is available for a 0.250% rate add-on; 0/0/0 for a 0.750% add-on.
Prepayment Penalty: 5/4/3/2/1 step-down.
Typical: Step-down, commonly 5/4/3/2/1 or 3/2/1; buyout priced in rate
Lockout Period
A period during which the loan cannot be prepaid at all, at any price.
Not addressed
Not a cost but an absolute bar. If a sale opportunity appears during lockout, you cannot take it without the lender's consent.
Typical: Rare outside securitized portfolio loans
Open Period
A window before maturity during which the loan may be prepaid with no penalty.
Not addressed
Lets you line up a refinance without paying twice. Ninety days is the common convention and is usually enough; anything shorter is tight.
Reserves & Escrows
Tax and Insurance Escrow
Monthly collection of one-twelfth of annual property taxes and insurance, held by the lender.
Required, no waiver
Tax & Insurance Escrow: Required.
Typical: Generally required, often with no waiver available
Replacement / CapEx Reserve
An ongoing monthly deposit for future capital repairs, usually stated per unit per year.
Not addressed
Reduces cash flow every month and counts against your coverage. Waiver authority is often delegated to the lender, so it is negotiable more often than borrowers assume.
Typical: Portfolio loans; rare on single-asset
Liquidity / Reserve Requirement
Cash you must document and hold, usually expressed as a number of months of payments, often with a seasoning period.
6 months of PITIA
Liquidity Requirement: 6 months of PITIA ($14,916.84)
Costs & Process
Good Faith Deposit
Money paid on acceptance of the term sheet, applied against third-party costs.
Not addressed
Usually non-refundable once reports are ordered. The asymmetry is the issue: it protects the lender if you walk, and typically does nothing for you if they decline.
Third-Party Report Costs
Appraisal, environmental, engineering, feasibility, and property condition reports, ordered by the lender and paid by you.
Not addressed
Non-refundable and paid before you know whether the loan closes. On a portfolio deal requiring an appraisal per property, this runs into five figures.
Lender Legal Fees
The cost of the lender's counsel documenting the loan, paid by the borrower.
Not addressed
Frequently uncapped on commercial and portfolio deals — you pay actual, whatever it turns out to be, and you have no control over how much time their lawyer spends.
Rate Lock
Whether and when the rate can be fixed, for how long, and what an extension costs.
30 days, extensions 0.125% per 15 days
Rate may be locked for 30 days... Extensions available at 0.125% per 15 days.
Typical: 30-day lock typical, extensions priced per 15 days
Term Sheet Expiration
The date after which the offer lapses.
30 days
Expiration: 30 days from issuance
Exclusivity Clause
A commitment not to negotiate with other lenders for a stated period after accepting the term sheet.
Not addressed
Removes your leverage exactly when you need it. If the lender re-trades during underwriting, you have no alternative ready.
Typical: Sometimes present; frequently negotiable
Conditions to Closing
Everything that must be delivered or true before the lender will fund.
Not addressed
Where timelines die. A condition like "written evidence that short-term rental use is permitted" or "full permit set issued" can take weeks you have not budgeted.
Typical: Enumerated at varying length; the specific ones matter more than the count
Estimated Time to Close
How long the lender expects to take from complete submission to funding.
18–21 days
Estimated Time to Close: 18-21 days from complete submission.
Insurance Requirements
Coverage the lender requires — property, liability, loss of rents, builder's risk, flood, windstorm — with minimum amounts and endorsements.
Not addressed
In coastal and wildfire markets this has become a major and volatile cost, sometimes large enough to break the coverage test on its own. Builder's risk with vacancy permitted is a specific product many agents get wrong.
Typical: Replacement cost plus 6–12 months loss of rents
Ongoing Reporting Requirements
Financial statements, rent rolls, and progress reports you must deliver after closing, and how often.
Not addressed
Administrative on its face, but late reporting is an event of default in many loan documents, and on facilities it can suspend your ability to draw.
Typical: Portfolio loans only
Property Management Requirements
Whether professional third-party management is required and whether the lender must approve the manager.
Not addressed
A requirement for third-party management adds 6–10% of gross rents as an expense, which can be the difference between clearing the coverage test and failing it.
Typical: Portfolio loans may require it; single-asset usually permits self-management
Original document text
*** SYNTHETIC EXAMPLE — NOT A REAL TERM SHEET ***
Written 2026-07-26 as a test fixture. Lender, borrower, and property are fictional.
Structure and wording model real DSCR term sheets; the numbers are plausible but are NOT
evidence of market pricing. See source.md.
------------------------------------------------------------------------------
MERIDIAN RESIDENTIAL CAPITAL, LLC
4400 Post Oak Parkway, Suite 1150 | Houston, TX 77027
NMLS #1884022 | Business Purpose Lending Only
RENTAL LOAN TERM SHEET
Rental365 Program
Date Issued: July 14, 2026
Expiration: August 13, 2026 (30 days from issuance)
Loan Number: MRC-2026-118743
BORROWER / SPONSOR
Borrowing Entity: Sandhill Holdings LLC (Texas series LLC)
Guarantor(s): Individual member(s) holding 20% or greater interest
Vesting: Title must be held in the name of the Borrowing Entity at
closing. Loans do not close in an individual's name.
Credit Score: Qualifying FICO of 742 (mid-score of primary guarantor)
Experience: Borrower represents ownership of 2 additional investment
properties. Not a first-time investor.
SUBJECT PROPERTY
Address: [Redacted — single-family detached residence]
Property Type: SFR, 3 bed / 2 bath, 1,640 sq ft
Occupancy: Tenant-occupied, lease in place through 05/31/2027
Purpose: Purchase — business purpose, non-owner occupied
LOAN TERMS
Loan Amount: $284,000
Purchase Price: $355,000
Loan-to-Value: 80.00% of the lesser of purchase price or appraised value
Loan Purpose: Purchase
Product: 30-Year Fixed, fully amortizing
Interest Rate: 7.125% fixed
Discount Points: 1.000% ($2,840)
Amortization: 360 months
Interest Accrual: 30/360
Monthly P&I: $1,912.71
Estimated PITIA: $2,486.14 (P&I $1,912.71 + taxes $438.29 + insurance
$135.14; no HOA)
DEBT SERVICE COVERAGE
Qualifying DSCR: 1.14x
DSCR Calculation: Gross monthly rent divided by PITIA. Rent is the lesser of
the in-place lease rent or the market rent supported by the
Form 1007 Comparable Rent Schedule.
Gross Monthly Rent: $2,835 (in-place lease)
Market Rent (1007): $2,900
Minimum DSCR: 1.10x for this pricing tier. Loans between 1.00x and 1.10x
are eligible with a 0.375% rate add-on and maximum 75% LTV.
Below 1.00x ("No-Ratio") available to 70% LTV with add-on.
PREPAYMENT
Prepayment Penalty: 5/4/3/2/1 step-down. A penalty equal to the stated percentage
of the outstanding principal balance applies to any principal
reduction exceeding 20% of the original principal balance in
any twelve-month period, declining annually as follows:
Year 1 — 5% Year 4 — 2%
Year 2 — 4% Year 5 — 1%
Year 3 — 3% Year 6+ — none
Buydown Option: A 3/2/1 structure is available for a 0.250% rate add-on. A
0/0/0 (no prepayment penalty) structure is available for a
0.750% rate add-on.
State Restrictions: Prepayment penalties are not available on properties located
in certain states. Structure will conform to applicable law.
RESERVES AND ESCROWS
Tax & Insurance Escrow: Required. Monthly deposit of 1/12 of annual obligations,
plus a closing-funded cushion of 3 months.
Liquidity Requirement: 6 months of PITIA ($14,916.84) verified in borrower or
guarantor accounts, seasoned 60 days. May be held in
business accounts of the borrowing entity.
Interest Reserve: Not required.
FEES AND COSTS (estimated, payable by Borrower)
Origination Fee: 1.500% of loan amount ($4,260)
Discount Points: 1.000% ($2,840)
Underwriting Fee: $1,595
Processing Fee: $795
Appraisal: $650 (interior/exterior, plus Form 1007 rent schedule)
Credit Report: $85
Flood Certification: $22
Lender's Legal / Doc Prep:$895
Title, Escrow, Recording: Borrower responsibility, per closing agent
Estimated Total Lender
Fees and Points: $10,447
CONDITIONS TO CLOSING
1. Satisfactory appraisal supporting value and Form 1007 market rent. Appraised
value more than 5% below purchase price may require re-pricing or repricing of
loan amount to maintain maximum LTV.
2. Executed lease agreement and proof of most recent two months' rent receipts.
If the property is vacant at closing, market rent from Form 1007 may be used
subject to a 0.250% add-on and 75% maximum LTV.
3. Formation documents, operating agreement, certificate of good standing, and EIN
for the borrowing entity.
4. Property insurance naming lender as mortgagee, minimum replacement cost
coverage, with loss of rents coverage of not less than 6 months.
5. Verification of liquidity per above.
6. Clear title commitment, lender's policy in the full loan amount.
7. Property condition: no deferred maintenance affecting habitability. Appraisal
condition rating of C4 or better.
8. Satisfactory background and litigation search on guarantor(s).
RECOURSE
This loan is non-recourse to the Borrowing Entity's members except that the
guarantor(s) shall execute a guaranty of the Recourse Obligations, covering fraud,
material misrepresentation, misappropriation of rents or insurance proceeds, waste,
voluntary bankruptcy filing, unpermitted transfers or encumbrances, and environmental
indemnity.
RATE LOCK
Pricing is indicative and not locked. Rate may be locked for 30 days upon submission
of a complete file and receipt of the appraisal deposit. Extensions available at
0.125% per 15 days.
OTHER
Assumption: Not permitted.
Escrow Waiver: Not available.
Servicing: Lender intends to sell servicing. Borrower will be notified.
Estimated Time to Close: 18-21 days from complete submission.
This term sheet is a summary of proposed terms for discussion purposes. It is not a
commitment to lend. All terms are subject to full underwriting, satisfactory appraisal,
and final credit approval. Terms may change if information provided is inaccurate or
incomplete, or if market conditions change prior to rate lock.
What now
Sources
This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.
- Investor Property Loan rate card (published by Corey McGinnis) — retrieved 2026-10-25