For investors who need permanent financing for their rentals listed on Airbnb and VRBO. This product allows DSCR to be calculated by using 12 months of operating history OR AirDNA rents as market rent.

The Overview of the Rental Portfolios DSCR Loan Program

The Rental Portfolios DSCR Loan Program is built for seasoned investors who own multiple rental properties and want to roll them into a single loan. Instead of financing each property separately, investors can combine up to 10 properties under one mortgage, reducing paperwork, streamlining management, and often saving on overall costs.

This loan is especially useful for scaling operations, freeing up liquidity, and simplifying the headache of juggling multiple lenders, payments, and closing costs across separate loans.

Key Features of the Rental Portfolios DSCR Loan Program

• Loan Purpose: Permanent financing for rental portfolios of up to 10 properties.
• Loan Terms: 30-year fully amortizing, or interest-only for 10 years with a rate fixed for 5 years before adjusting every six months.
• Loan Amounts: $150,000 to $5 million, with exceptions considered for deals outside this range.
• LTV Limits: Up to 75% for purchases or rate/term refinances, capped at 70% for cash-out refinances with limited seasoning.
• DSCR Requirements: Minimum DSCR of 1.15 across the portfolio.
• Speed: Typically closes in 4-8 weeks.
• Prepayment Penalty Options: Multiple choices available, including no prepayment penalty in some states.

Who is the Rental Portfolios DSCR Loan Program For?

This program is ideal for:

1. Experienced Real Estate Investors