Florida DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Florida real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great Florida DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
Florida Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Sunshine State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like Florida, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for Florida real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Florida below:
Single-Family Residence
Miami, FL
$896,000 Florida DSCR Rental Loan for an Acquisition of a rental property in Miami. This property features a large chef-style kitchen, hard-wood flooring throughout, and renovated bathrooms with timeless finishes. Upon acquisition, the property will be utilized as a short-term rental.
Single-Family Residence
Tampa, FL
$1,242,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Tampa. This contemporary-style short-term rental is situated southwest of downtown Tampa and just a mile east of Old Tampa Bay, benefiting from good access to beaches, the bay, local restaurants, and shopping areas.
Single-Family Residence
Largo, FL
$422,800 Florida DSCR Rental Loan for a Rate-Term Refinance of a rental property in Largo. This short-term rental is approximately two and a half miles from Belleair Shore and four miles from Indian Rocks Beach.
Multifamily
Gainesville, FL
$651,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Gainesville. The city of Gainesville is home to a plethora of economic opportunity, split between education, retail healthcare. Home to the University of Florida, the property lies just outside the campus, and mere miles from a retail hub.
Condo
Naples, FL
$213,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Naples. Located in beautiful southwest Florida this property is only minutes from beaches on the Gulf of Mexico. This property is currently utilized as a long-term rental.
Duplex
Daytona Beach, FL
$205,800 Florida DSCR Rental Loan for an Acquisition of a rental property in Daytona Beach. Located in front of the extensive Ridgewood Avenue, the property is easily integrated with the surrounding amenities that Daytona Beach has to offer. There are several options for shopping, schools, and attractions near the subject. Tenants of the property can thus enjoy the benefits of a suburban community, whether it be from the different golfing sites available to them, a visit to the nearby Daytona International Speedway, or, of course, spending the day at the coveted Daytona Beaches located only minutes away.
PUD
Riverview, FL
$249,000 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Riverview. The contemporary-style home features an attached two-car garage, a covered front entry, a screened-in lanai, and stainless-steel appliances. The housing market in Riverview is great with increasing property values, balanced macroeconomic supply and demand, and homes selling in less than three months’ time on the market.
Single-Family Residence
Apollo Beach , FL
$217,750 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Apollo Beach. This property was recently renovated including a full remodel of the kitchen and bathrooms, repaved driveway, new HVAC and plumbing, along with fresh pain throughout the property. The housing market in Apollo Beach is good with stable property values, balanced macroeconomic supply and demand, and homes selling in less than three months’ time on the market
Single-Family Residence
Orlando, FL
$381,750 Florida DSCR Rental Loan for a Cash-Out Refinance of a rental property in Orlando. This property features a large backyard with an inground swimming pool, which is perfect for escaping the Florida heat. Located in the Rio Pinar West neighborhood, several schools, retail areas, and recreational centers are within two miles. Orlando is a bustling hub for students, families, and professionals due to its exceptional school system, strong job market, and endless attractions across the city.
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