Residential Investment Lending

DSCR Rental Long Term

The DSCR Loan is based on current or expected rental income. The higher the rental income, the higher of a loan you can obtain however, in most cases, on purchase 20% is required, and on a refinance, 20% equity is required after closing if you are paying off an existing lien like and adjustable or balloon. if you are doing a cash-out refinance, typically 25% equity left after closing is required (or 75% LTV.

DSCR loans typically can be used for the following property types:

Single-family (1-4 unit) residential rentals in some cases (5-8 units)

Vacation or short-term or mid term rentals

Commercial or multifamily property

Bridge / Hard Money

A hard money loan is a type of bridge loan that you can use to buy or refinance a property. These loans can also be used for projects such as home improvements and renovations. This type of loan is asset-based, meaning it’s backed by items like real estate instead of your credit score and history. These loans are usually short term lasting from 3 months to 3 years.

Fix and Flip

Fix and Flip loans are for investors who are acquiring a property that needs to be fixed up or renovated and will flip or sell the property in 1-2 years or less. Typically the loan to cost is anywhere from 60-75% meaning. In most cases, the down payment requirement is 20% of the total cost of acquisition and renovations needed. In some cases, it can be as little as 10% down or even 0% down. Yes 100% financing based on the AVR (After Renovation Value). That means after you acquire the property and renovate if there is 25-40% or more equity left over, you may get 100% of what you need so you only pay closing costs.

New Construction Ground Up

This can be the same terms as the fix and flip however most investors will require 10-20% of your own cash to have skin in the game. This loan will allow you to acquire the land and all materials to build from scratch. This can be done for residential and commercial.

Multi Family / Long Term & Fix and Flip

The Multifamily product includes all 3 from above. A multifamily home is any residential property containing more than one housing unit. Whether you want to acquire a multifamily that is turn-key and doesn’t need renovation, you need money for renovation or you want to build ground up, all can be done.