Black Diamond DSCR
Let the property pay its own way.
- Loans up to $3 million with a minimum of $100,000
- Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
- Short-term rentals allowed (AirDNA reports accepted)
- DSCR < 1.0 options available
- No income or employment required; qualifications based on property cash flow
- No limit on total number of financed properties a borrower can own
- Properties can vest title in LLC, S corp, C corp, or revocable trusts
- Interest-only available; gift funds okay
- Up to 6% seller concessions
- We currently offer business purpose loans from approved clients who may hold an active license in some states but not the one for the subject property. See available States.
* Exceptions available
Min FICO
660
Max LTV
80%*
A DSCR loan, or debt service coverage ratio loan, is a type of mortgage used for purchasing short-term or long-term rental investment properties. With a DSCR loan, borrowers can qualify for a mortgage based on a property’s rental analysis. No personal income or employment information is required to qualify. Debt service coverage ratio or DSCR is a measurement of a property’s expected cash flow to determine ability to repay a mortgage loan. It is calculated by dividing the borrower’s net operating income by their debt obligations, including the debt payment.