DSCR Construction to Permanent-One Time Close

Avoid the costs and risks of Hard Money!!

Major Rehab or Construction to DSCR 

A DSCR Rehab or Construction-to-Permanent loan is a specialized financing product for real estate investors that covers the costs of building or rehabilitating an investment property and then automatically converts into a long-term Debt Service Coverage Ratio (DSCR) mortgage once the project is complete and ready for tenants. This streamlines the process by avoiding the need for two separate closings.

General loan parameters:

• DSCR Investment Business Purpose Loans
• 75% Loan to Value maximum with 740 score
• Minimum credit score 680
• Qualify based on future rents
• Minimum debt coverage ratio 1.15 to 1
• Loan sizes:  $250,000 to $2,000,000
• Traditional leased properties and Short-Term Rentals
  
  

Eligible Property types:

• Single family properties and PUD’s
• Multi-unit properties up to 4 units
• Modular homes
  
  

Loan purpose:

• Major property rehabilitation
• Replacing major building components
• Gut rehab
• Fixing substandard property conditions
• Extensive repairs
• Construction of a new residential Investment property
  
  

Loan terms:

• Attractive rates
• Interest only (IO) through construction/rehab phase.  
• Modification to DSCR permanent at market rates.
• One closing in eligible states.
  
  

Fully dedicated department of constructions/rehab loan experts.  Try our one-time closing Rehab/construction to perm today and avoid the high costs and additional risks normally associated with Hard Money Loans.