Kentucky DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Kentucky 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 Kentucky 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!
Kentucky Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Bluegrass 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 Kentucky, 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 Kentucky real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Commonwealth of Kentucky below:
Single-Family Residence
Lawrenceburg, KY
$198,160 Kentucky DSCR Rental Loan for an Acquisition of a rental property in Lawrenceburg. This property features updated kitchen, bathrooms, appliances, and A/C, and is perfectly positioned near local boutiques, antique stores, and eateries. Its proximity to the Wild Turkey Distillery, a highlight on the Kentucky Bourbon Trail, makes it an ideal choice for short-term rentals catering to bourbon enthusiasts.
Single-Family Residence
Louisville, KY
$103,600 Kentucky DSCR Rental Loan for a Cash-Out Refinance of a rental property in Louisville. This property is situated just one mile west of I-264, providing quick access to the Watterson Expressway and making commuting throughout Louisville and beyond a breeze.
Single-Family Residence
Radcliff, KY
$161,450 Kentucky DSCR Rental Loan for a Rate-Term Refinance of a rental property in Radcliff. Some features of this single-family residence include but are not limited to an outdoor shed, a two-car built-in garage, and a covered porch.
Single-Family Residence
Elsmere, KY
$187,500 Kentucky DSCR Rental Loan for a Cash-Out Refinance of a rental property in Elsmere. This property has undergone kitchen and bathroom renovations within the past year and is located within close proximity to employment centers, medical facilities, and parks.
Single-Family Residence
Louisville, KY
$91,999 Kentucky DSCR Rental Loan for an Acquisition of a rental property in Louisville. This property features a recently remodeled kitchen, bathroom, and other amenities. Located in the center of Louisville, the Ohio River is only a 5 minute drive.
Acquisition
Rogers, KY
The short-term rental market in Rogers, Kentucky shows signs of a high potential for profitably with an overall “A” market grade, sustained rental demand, and revenue growth according to AirDNA.
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