DSCR Commercial Loan Program
Loan Limits
$250,000.00 – $10,000,000.00
Guarantee
Personal Required
Documentation Type
Market Rents or Leases
Loan Types
Purchase
Refinance (cash-out allowed)
Maximum LTV
Apartments & Commercial : 75% Purchase & 70% Refinance
Occupancy Type
Apartments (Investor Only) Commercial (N/O/O or O/O)
Eligible Locations
Nationwide
Property Types
All Commercial Property Types including Marijuana Based
Investor or Commercial Owner Occupied
occupied)
Interest Rate
7.50% - 11.50%
Credit Minimum
640
Loan Points
1.00% - 2.00%
Term
5, 10, or 30 Years Fixed / Amortization: 25 & 30 years
Prepay
5-5-5-5-5 // 5-4-3-2-1 (can be bought down, case by case)
Due Diligence Deposits
Appraisals Required
Due Diligence Costs Due At Underwriting
Submission Requirements
Application 1003 Form
Exterior Color Photos
Operating Statement – 2 Years and YTD
Credit Report, three bureaus with scores
Current Rent Roll (if applicable)
Authorization for Credit Information
The Continental Finance Difference
Closings in 30 - 45 Days
Cross Collateralization Allowed - case by case
Flexible Underwriting
We Make Loans Happen