A DSCR Loan is typically used for investment properties, particularly commercial real estate. It’s designed to help investors qualify based on the income generated by the property, rather than personal income.
Key Features:
- Cash Flow Focused: Qualify for loans based on the property’s ability to generate income (the debt service coverage ratio).
- Flexible Qualification: No need to prove personal income, making it ideal for real estate investors.
- Ideal for Commercial and Multi-Family Properties: Perfect for those looking to finance rental properties or investment properties.
Who is it Right For?
- Real estate investors looking to finance income-generating properties.
- Buyers with multiple investment properties.
- Those who may not have traditional income documentation but have strong property cash flow.
At Simplex Lending, we offer DSCR loans that help investors build their portfolios. Contact us today to see how a DSCR loan can work for you!