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DSCR RENTAL LOANS – TENNESSEE

Belcanto Capital offers long-term debt service coverage ratio (DSCR) loans to real estate investors who wish to grow their property portfolio in Tennessee. A DSCR loan is based on the cash flow of the property without income verification of the borrower. It’s a perfect part of the BRRRR strategy – use a DSCR loan for a cash-out refinance after rehab.

DSCR loans Tennessee, real estate rental property loans, BRRRR tennessee

Tennessee Areas Served

Any investment property in an urban or suburban setting in TN might qualify for a DSCR loan. These are the most common local markets:

  • Nashville
  • Memphis
  • Knoxville/Smokies (STR)
  • Chattanooga

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 Tennessee?

Let’s discuss your specific real estate project in TN

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