A Debt-Service Coverage Ratio (DSCR) loan or rental loan is a specific type of loan that businesses can use to finance the purchase of multifamily and commercial real estate. DSCR loans are unique in that they are based on the amount of cash flow a business generates each month compared to the amount of debt service payments the business must make. Here are the top advantages of DSCR Loan in Florida:

1. Florida DSCR Lenders don’t consider personal income

DSCR loans in Florida are more accessible to borrowers with low amounts of liquid capital because they don’t take into account your financial information.

2. These are easier to apply for and close.

DSCR loans in Florida are typically fast and easy to apply for because you don’t have to provide any financial documents or explain gaps in your work history.

3. Multiple properties can be committed at once

You may only be able to finance one property at a given time with some loans. You can’t get a loan to purchase a second property until you have paid off the first loan.

DSCR loans in Florida are not like this. Instead, DSCR loan Florida allow you to obtain multiple loans simultaneously for different properties. The DSCR Loan is a rental loan typically used for long term refinance and cash out refinance of investment real estate properties.  

DSCR Rental loan programs can be 30year or 40 year amortized loans. They can be principal and interest or interest only. Interest only loans can help you help you maximize your cash flow until you can increase rents. Once rents are stabilized  you can refinance into a principal and interest loan.

Rental loans can be used for purchases, refinacnes and cash out refinance. Send us your loan scenario today.