Real Estate Investors
Looking for financing for your real estate invesments?
We've got outlets for you
Whether you're a first time investor or own multiple properties, purchasing or refinancing, we'll help you find the funding option that fits your needs.
Lending Options in 45 States
What we do best
Rental Property Loans
- 30 year fixed financing (IO available)
- Industry leading rates
- Fast Closings
- No Income or Employment Needed
- 1-4 unit properties
- Refi out of Hard Money
Fix and Flip (Bridge) Loans
- 12,18,24 month terms
- Appraisal not always needed
- Fast closings
- No prepayment penalty
- No experience options
- 100% of rehab budget
Blanket (Portfolio) Loans
- 30 year fixed financing (IO available)
- Industry leading rates
- Fast Closings
- No Income or Employment Needed
- 1-4 unit properties
- Can combine up to 25 properties
Our Strategy
We take a more focused approach on the market, seeking to provide real estate investors with the best process and pricing for 1-4 unit rental properties. We help investors get the bridge loans needed to rehab their properties, and the DSCR loans needed to long term finance them.
Frequently Asked Qs
What is a DSCR loan?
A DSCR loan is a type of mortgage that qualifies borrowers based on the income (or estimated income) generated by the investment property (e.g., rental income) rather than the borrower’s personal income. The key metric is the Debt Service Coverage Ratio (DSCR).
How is DSCR calculated?
It’s calculated by dividing the property’s total rental income by the total mortgage payment. If the DSCR ratio is 1 or higher, the pricing is very good. If it falls below 1, you can still do the loan, but it often requires a hit in pricing or a larger down payment.
What if the property doesn't cash flow right now?
We have loan options even for non cash-flowing properties. These are called no-ratio DSCR loans. They usually require a larger down payment and good credit.
What types of properties qualify?
DSCR loans can be used for investment properties like single-family homes, multi-family units, condos, townhomes, or even short-term rental properties like vacation homes (Airbnbs).
Do I have to do a DSCR loan?
No. DSCR allows for a simple process for real estate investors requiring no income or employment check. It is based on credit, assets and the properties cash flow. If you would like to look at doing a full documentation process instead of DSCR, let us know and we can review your conventional options.
Are DSCR rates good?
DSCR rates can be right in line with conventional investment property financing depending on the property. We have certain programs that are below conventional loan pricing right now. In order to get best pricing on a DSCR loan, it does require a prepayment penalty.
Does every DSCR have a Prepayment Penalty?
No, not every DSCR needs to have a prepayment penalty but it will affect the pricing of the deal. You can take anything from 0 prepayment penalty to a 5 year prepayment penalty. The penalty is usually 5% of the amount that you payoff early. Investors that plan on holding the home for a while and not refinancing often take a 3-5 year prepayment penalty to maximize cashflow.
How long does the process take?
We do same day processing and UW turn times on most loans. We have closed as quickly as 7 business days, and generally close within 10-14 business days. The quicker that you can provide documentation, the quicker we can close.
What's the Loan Process Like?
Though each situation is unique, check out the typical flow of a loan from research to funding for DSCR loans and Fix and Flip loans.
Contact us today!
We are happy to answer any questions you may have regarding mortgage loans and provide you with competitive rates tailored to your unique financial situation.
