Massachusetts DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Massachusetts 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 Massachusetts 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!
Massachusetts Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Bay 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 Massachusetts, 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 Massachusetts real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Massachusetts below:
Single-Family Residence
South Yarmouth, MA
$1,860,000 Massachusetts DSCR Rental Loan for a Cash-Out Refinance of a rental property in South Yarmouth. This waterfront property along Parkers River features a private dock and pier, perfect for boating and water activities. Located just a mile from Smuggler’s Beach, it offers a family-friendly atmosphere with scenic views, upscale dining, and vibrant outdoor attractions.
Single-Family Residence
Dartmouth, MA
$434,000 Massachusetts DSCR Rental Loan for an Acquisition of a rental property in Dartmouth. This newly constructed property is ideally located just two miles from the charming Padanaram Village, known for its boutique shops and waterfront dining, and offers easy access to Apponagansett Bay, perfect for boating and fishing enthusiasts.
Duplex
Worcester, MA
$712,500 Massachusetts DSCR Rental Loan for a Rate-Term Refinance of a rental property in Worcester. This fully occupied residence is conveniently close to major routes, shopping, employment opportunities, public services, and schools.
Single-Family Residence
Marblehead, MA
$1,425,000 Massachusetts DSCR Rental Loan for a Cash-Out Refinance of a rental property in Marblehead. Located on the coast, this historic colonial property perfectly blends the old with the new, featuring original accents such as hardwood flooring and carpentry throughout, which is incorporated well with the renovated bathrooms and living areas.
Single-Family Residence
Otis, MA
$337,500 Massachusetts DSCR Rental Loan for a Rate-Term Refinance of a rental property in Otis. This property features a recently remodeled kitchen with quartz countertops and modern finishes. Otis is known as a haven for outdoor recreations as it features forests, open fields, cool streams, and deep ponds. The property is currently used as a short-term rental.
Single-Family Residence
Boston, MA
$918,750 Massachusetts DSCR Rental Loan for an Acquisition of a rental property in Boston. The property is located in close proximity to the Neponset River, Joseph Finnegan Park, and other tourist attractions. Boston, Massachusetts is home to the Red Sox Major League Baseball team, Harvard University, and multiple historic sites such as the American Revolution. Upon purchase, the property will be utilized as a short-term rental.
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