DSCR rental loans
Long-term rental financing on the property's cash flow. Criteria first — read the terms and the checklist, then send the scenario.
Pricing is quoted as an index plus a spread in basis points; 100 basis points equals 1.00%.
Terms are indicative until credit approval, and reflect the best available as a standalone, not a combination. Maximum leverage and best pricing are generally obtained at the cost of the other, and lenders size to the lower of LTC and LTV. Leverage and pricing move with sponsor creditworthiness, experience, market, and scope. Not all borrowers will qualify for all products.
Criteria
Non-owner-occupied, leased or lease-ready. Qualification is on property cash flow rather than personal income.
Timeline
A response within 1 business day; a read on feasibility and indicative structure within 2.
What is needed to start
Address or schedule of properties, rent roll, operating expenses, and the intended hold.
Prepayment
Prepayment structures are priced against rate; the ladder chosen changes the coupon materially. Reviewed before selection, not after.