Expanded Investor By LendSure
LendSure’s Debt Service Coverage Ratio (DSCR) program focuses on the property cash flow, so no other income documents are required. LendSure’s DSCR loans offer fast closings with minimal conditions, so the process is essentially hassle-free.
- Close multiple loans for the same investor at the same time
- No limit on the number of properties owned and can finance up to 10 properties for 1 investor
- Industry-leading funding times
- Qualify on Interest Only Payments – Excellent for qualification and cashflow purposes, particularly with our 10-Year IO period on our 40-Year Term program
- Non-Warrantable condos and Condotels allowed (up to 75% LTV)
- Rate buy-down feature available
- Minimum DSCR ratio of 1.0. Ratio under 1.0 requires Senior Management approval.
- No DSCR ratio is required for purchase loans up to 65% LTV and a minimum credit score of 740.
1-4 Unit Properties
- Loan amounts up to $3,000,000
- Cash-Out up to $500,000
- Up to 85% LTV for Purchase
- Up to 75% LTV for R/T or Cash-out Refi
- Credit score as low as 660
5-10 Unit Properties
- Loan amounts up to $2,000,000
- Cash-Out up to $500,000
- Up to 75% LTV for Purchase and R/T refinance
- Up to 60% LTV for Cash-Out Refinance
- Credit score as low as 700
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