Hawaii DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Hawaii 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 Hawaii 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!
Hawaii Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Aloha 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 Hawaii, 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 Hawaii real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Paradise of the Pacific below:
PUD
Ewa Beach, HI
$756,000 Hawaii DSCR Rental Loan for an Acquisition of a rental property in Ewa Beach. Recent upgrades include solar panels, electric car chargers, and custom built-ins. The property is ideally located near Ewa Beach Park’s serene beaches and picnic areas, and the exclusive Hoakalei Country Club offering premium golfing just over a mile away.
PUD
Princeville, HI
$2,000,000 Hawaii DSCR Rental Loan for a Cash-Out Refinance of a rental property in Princeville. Located just a short walk north of the cliffs overlooking the Pacific Ocean, only a lush green valley lies between this residence and the ocean. The property is tucked away at the end of a quiet cul-de-sac with a private pool and deck, providing breathtaking views and easy access to secluded beaches.
Single-Family Residence
Hilo, HI
$427,000 Hawaii DSCR Rental Loan for a Cash-Out Refinance of a rental property in Hilo. Situated less than 2 miles from Hilo Bayfront Beach Park, this property enjoys prime access to the area’s natural surrounding and popular spots for recreation.
PUD
Princeville, HI
$1,687,500 Hawaii DSCR Rental Loan for a Rate-Term Refinance of a rental property in Princeville. The property features a modern floorplan, multiple entertaining spaces, and a panoramic backyard view of the Hawaiian landscape.
Acquisition
Kapolei, HI
Experienced investor adds a luxury O’ahu condo overlooking the Pacific to their STR portfolio.
Condo
Kahuku , HI
STR pro locks in financing on a beatufil condo in Turtle Bay
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