Maryland DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Maryland 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 Maryland 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!
Maryland Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Old Line 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 Maryland, 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 Maryland real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Maryland below:
Single-Family Residence
Ocean City, MD
$423,000 Maryland DSCR Rental Loan for a Rate-Term Refinance of a rental property in Ocean City. This short-term rental is located in close proximity to multiple retail shops and restaurants as well as beach access to the Assawoman Bay and the Atlantic Ocean. The seaside resort town is known for its miles of sandy beaches, lively boardwalk, and watersports.
Single-Family Residence
Baltimore, MD
$523,250 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. Baltimore is known for its historic sites and is home to the National Aquarium and multiple Professional sports teams. The property is currently occupied on a long-term lease.
Single-Family Residence
Baltimore, MD
$214,000 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. This property includes, but is not limited to, brand new stainless-steel appliances in the kitchen, state-of-the art lighting and fixtures, hardwood flooring throughout. This property is located at the heart of Baltimore, and backs up to Druid Hill Park, which is adjacent to the esteemed Johns Hopkins University.
Single-Family Residence
Ocean City, MD
$974,999 Maryland DSCR Rental Loan for an Acquisition of a rental property in Ocean City. Equipped with a rear deck that is canal-facing, and its own private boat dock, the home is a perfect getaway retreat. Located in North Ocean City, the home is located just a few minutes walk away from the beach, numerous restaurants, and the Ocean City boardwalk.
Single-Family Residence
Baltimore, MD
$155,400 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Baltimore. This property is located just outside of Downtown Baltimore, minutes from the Patapsco River. Tenants can enjoy the busy city during the day and come home to Leakin Park, which offers hundreds of acres of green space and walking trails with historic brick fences and structures throughout.
Condo
Ocean City, MD
$253,500 Maryland DSCR Rental Loan for a Rate-Term Refinance of a rental property in Ocean City. This property is located directly on the Ocean City beach strip on the Isle of Wight Bayside. Ocean City’s resort town features miles of beaches and a wooden boardwalk lined with fresh seafood restaurants, theme-park attractions, shopping, and water sports rentals. Visitors can enjoy the short walk to the beach and come home to the peaceful vacation haven, equipped with updated appliances, clean hardwood floors, and beach-themed decor.
Single-Family Residence
District Height’s, MD
$315,000 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in District Height’s. This cape cod styled home has been recently renovated. The remodel consists of updated HVAC, electric, and plumbing, a refreshed kitchen with a new back splash, paint and appliance, and repairs to the doors, windows, stairways and railings.
Single-Family Residence
Tall Timbers, MD
$496,125 Maryland DSCR Rental Loan for a Cash-Out Refinance of a rental property in Tall Timbers. Maryland is a popular tourist destination as it is well known for its marinas, access to waterways, and historic city life. Currently utilized as a short-term rental, the property has generated an average monthly revenue of $5,638 over the past 12 months.
Acquisition
Ocean City, MD
Experienced investors add a waterfront condo in a major beach resort area to their multimillion-dollar real estate portfolio.
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