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DSCR RENTAL LOANS – NORTH CAROLINA

We offer long-term debt service coverage ratio (DSCR) loans to real estate investors who want to start or grow their rental property portfolio in North Carolina. A DSCR loan is mainly based on the value/cash flow of the property and not the income/assets of the borrower. It’s key to the BRRRR strategy: use a DSCR loan for a cash-out refinance after rehab.

real estate investment North Carolina, DSCR loans North Carolina

North Carolina Areas

Any investment property in an urban or suburban setting in NC may potentially qualify for a DSCR loan. These are the most common markets:

  • Raleigh-Durham
  • Charlotte
  • Greensboro
  • Wilmington
  • Winston-Salem

Basic DSCR Loan Terms

  • Property types: residential 1-8 units
  • Loan amounts from $75,000
  • 80% LTV purchase/75% Cashout
  • 30-year fixed or 5/7/10 ARM (I/O)
  • Rates from 6.5%
  • Minimum FICO 660
  • No income verification
  • Low fees and costs

DSCR Ratio = Rental Income / (Principal + Interest + Taxes + Insurance)

LONG-TERM LOAN SOLUTIONS

RENTAL (1-4 UNIT)

Purchase or refinance of 1-4 unit properties based on the cash flow performance of the property (DSCR-type rental loan) so you can quickly add doors. Includes cash-out refinance options (BRRRR method)

RENTAL (5+ UNITS)

Purchase or refinance of 5+ unit properties based on the cash flow performance of the property (DSCR-type rental loan) to scale up your portfolio. Includes cash-out refinance options (BRRRR method)

RENTAL PORTFOLIO

Purchase or refinance of a collection of rental properties based on the cash flow performance of the properties (DSCR-type portfolio loan) for terms of 5 to 30 years, including cash-out options

Ready to get started in North Carolina?

Let’s discuss your specific real estate project scenario in NC

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