C o m m e r c i a l L o a n s
Commercial Loan Features. Loan amounts from $300k-$3 million on multi-family and mixed-use properties
. Full 30- year terms with no balloon payments . Loan-to-values up to 75% . No personal DTI; no tax returns; qualify based on property cash flow . Simplified environmental review . Purchase, rate and term refinance and cash-out refinance |
Our small balance commercial property loan program is ideal for real estate investors seeking to grow their portfolios with multi-family and mixed-use properties.
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M i x e d - U s e
Mixed-Use Property Loan Features
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R e n t a lRental Features - single-family rental properties
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A p a r t m e n t
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Apartment Loan Features
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DSCR
We look at the monthly cash flow generated by the property compared to the debt. We use a metric called Debt-Service Coverage Ratio (DSCR). DSCR is calculated by dividing the monthly rent by the monthly principal, interest, taxes, insurance and association dues (PITIA). A DSCR of 1 indicates the investor is breaking even, and anything above a 1.2 is considered solid. Many investors that own multiple mortgaged rental properties have too much “debt” to qualify for traditional financing, so using DSCR rather than DTI enables them to acquire more rentals.
We look at the monthly cash flow generated by the property compared to the debt. We use a metric called Debt-Service Coverage Ratio (DSCR). DSCR is calculated by dividing the monthly rent by the monthly principal, interest, taxes, insurance and association dues (PITIA). A DSCR of 1 indicates the investor is breaking even, and anything above a 1.2 is considered solid. Many investors that own multiple mortgaged rental properties have too much “debt” to qualify for traditional financing, so using DSCR rather than DTI enables them to acquire more rentals.