Louisiana DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Louisiana 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 Louisiana 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!
Louisiana Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Pelican 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 Louisiana, 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 Louisiana real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in The Boot below:
Single-Family Residence
Livingston, LA
$186,400 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in Livingston. This newly built property is currently occupied on a long-term lease, situated in a suburban neighborhood that is well served by major highways within three miles.
PUD
Baton Rouge, LA
$125,000 Louisiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baton Rouge. This property is a short walk away from the Mississippi River and a ten minute drive from the downtown area of Baton Rogue.
Condo
New Orleans, LA
$592,500 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in New Orleans. After recent renovations, this unit now has four bedrooms and two bathrooms, granite countertops, and modern finishes in the kitchen and bathrooms.
Single-Family Residence
New Orleans, LA
$367,500 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in New Orleans. This contemporary-style home features modern finishes in the kitchen and bathrooms, quartz countertops, a porch, and a balcony.
Condo
New Orleans, LA
$730,000 Louisiana DSCR Rental Loan for a Rate-Term Refinance of a rental property in New Orleans. New Orleans is known for its distinctive music, Creole cuisine, and its annual celebrations and festivals such as Mardi Gras. Now that renovations have been completed, this property will be utilized as a short-term rental.
Duplex
New Orleans, LA
$412,500 Louisiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Orleans. After multiple renovations this property now has insulated windows, tankless water heaters, a new roof, new floor coverings, renovated kitchen and baths with granite counters.
Single-Family Residence
New Orleans, LA
$450,000 Louisiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Orleans. This property features brand new appliances, marble countertops, and modern finishes as well as a covered patio and balcony. In the heart of New Orleans, it’s within walking distance of many well-known tourist attractions such as the Riverwalk along the Mississippi River and Bourbon street.
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