Oregon DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Oregon 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 Oregon 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!
Oregon Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Beaver 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 Oregon, 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 Oregon real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Oregon below:
Single-Family Residence
Brookings, OR
$1,261,000 Oregon DSCR Rental Loan for an Acquisition of a rental property in Brookings. The property is three miles from Brookings Harbor, known for its fishing, boating, and seafood restaurants. It’s also just one mile from Harris Beach State Park which offers ocean views, beautiful beaches, and scenic hiking trails.
Single-Family Residence
Bend, OR
$295,000 Oregon DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bend. Following its acquisition, the property underwent extensive renovations, including but not limited to drywall work, deck construction, the installation of cabinets and marble countertops, and more.
Multifamily (10-Unit)
Myrtle Creek, OR
$594,750 Oregon DSCR Rental Loan for an Acquisition of a rental property in Myrtle Creek. This two-story, fully occupied property benefits from its proximity to the South Umpqua River and Umpqua National Forest as well as local shops, restaurants, and parks.
Duplex
Klamath Falls, OR
$156,000 Oregon DSCR Rental Loan for a Cash-Out Refinance of a rental property in Klamath Falls. This fully occupied detached duplex features two sheds and recent renovations to the home’s roofs, windows, flooring, and countertops. The city is known for its proximity to Crater Lake and access to outdoor activities.
Duplex
Portland, OR
$650,000 Oregon DSCR Rental Loan for a Rate-Term Refinance of a rental property in Portland. The entirely renovated property is situated just two blocks from the popular historic of Nob Hill, an established neighborhood known for its Victorian houses, tree-lined streets, and trendy shopping.
Acquisition
Eugene, OR
Professional Short-Term Rental operator adds a quality SFR to their growing portfolio.
SFR Portfolio
Baker City, OR
Three partners cashed-out on a portfolio of five SFRS to continue expanding their portfolio
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