What Type Of Loans Do WE OFFER?

PURCHASE - DSCR Loan

  • Leverage: Up to 85% for qualified borrowers

  • Credit Score: 600 FICO Credit Score Minimum (exceptions can be made)

  • Rural: Properties classified as rural may qualify

  • DSCR: As low as 0.9

Unlike traditional loans, which focus heavily on the borrower's personal income, a DSCR loan evaluates the property’s ability to generate sufficient income to cover the debt obligations.

The Debt Service Coverage Ratio (DSCR) is calculated by dividing the property's annual net operating income (NOI) by the annual debt payments. A DSCR of 1.0 or higher means the property’s income is sufficient to cover the loan payments. Typically, a lender will typically look for a DSCR of at least 1.25, indicating the property generates 25% more income than required to cover the loan. We can lend on a DSCR as low as 0.9 in some cases!

This type of loan is particularly beneficial for real estate investors because it allows them to secure financing based on the property's income potential, rather than their personal financial situation, making it easier to scale their investment portfolio.

Refinance - DSCR Loan

  • Leverage: 80% Rate-Term, 75% cash-out.

  • Credit Score: 640 FICO Score Minimum

  • Rural: Properties classified as rural may qualify

  • DSCR: As low as 0.9

Cash-Out Refinance

A cash-out refinance allows property owners to refinance their existing loan and pull out equity in the form of cash. In a DSCR cash-out refinance, the new loan amount is typically higher than the original loan, and the difference is given to the borrower as cash. This can be used for various purposes, like funding additional investments, paying down debt, or making property improvements. As long as the property continues to generate enough income to meet the debt obligations, investors can access this cash without affecting their personal finances.

Rate-Term Refinance

A rate-term refinance involves refinancing the existing loan to get a better interest rate, better terms, or to extend the loan’s term, but without pulling out any cash. This option is focused on improving the loan’s overall terms and lowering the borrower’s monthly payments or adjusting the loan length. For DSCR loans, the focus will still be on the property’s income, and the investor can benefit from a more favorable loan without accessing extra funds.

FIX & Flip Loan

  • .Leverage: 90-93% LTV, up to 100% LTV for experienced borrowers

  • Credit Score: 600 FICO Score Minimum

  • Rural: Properties classified as rural may qualify

  • Experience: No Experience required

A Fix & Flip Loan is a short-term financing option designed for real estate investors to purchase, renovate, and sell distressed properties for profit. These loans typically cover both the purchase price and renovation costs, providing a complete solution for investors looking to flip properties quickly.

For experienced borrowers with at least 4 completed deals in the last 3 years, Fix & Flip Loans can offer up to 100% Loan-to-Value (LTV), meaning investors can finance the entire project without needing a significant upfront investment. The loan is typically repaid upon the sale or refinancing of the property, and interest-only payments are common during the renovation period.

Lenders determine the loan amount based on the After Repair Value (ARV) of the property, allowing for financing based on the property’s potential value after renovations. This loan option is ideal for investors looking for fast, flexible funding with minimal cash outlay, allowing them to completed any repairs needed to increase the property value!

Ground Up Construction Loan

  • Leverage: 80-100% of Land Value + 100% of Construction Budget

  • Credit Score: 600 FICO Score Minimum

  • Rural: Properties classified as rural may qualify

  • Experience: No experience needed, terms will improve with experience

A Ground-Up Construction Loan is a short-term financing option designed for real estate investors looking to build a property from the ground up. These loans cover the costs of purchasing land, construction, and development, providing investors with the capital needed to complete the entire project.

For experienced borrowers, Ground-Up Construction Loans offer up to 100% Loan-to-Value (LTV), meaning they can finance the full cost of the land and construction, depending on the property’s projected value upon completion. These loans are typically structured with interest-only payments during the construction phase, with the principal due upon project completion or refinancing.

Lenders determine the loan amount based on the After Construction Value (ACV) of the property, allowing borrowers to leverage the property’s expected value post-build. Ground-Up Construction Loans are ideal for investors looking to develop properties with minimal upfront capital, offering flexibility and fast access to funds for large-scale development projects.

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