What is a DSCR Multi-Family Loan?
A DSCR (Debt Service Coverage Ratio) multi-family loan is a type of commercial mortgage that is specifically designed for the purchase or refinancing of a multi-family property. This type of loan is based on the property's ability to generate enough rental income to cover the loan payments.
How Does a DSCR Multi-Family Loan Work?
To qualify for a DSCR multi-family loan, borrowers must have a strong credit history and sufficient income to make the loan payments. The lender will review the borrower's financial information and the rental income potential of the property to determine the loan amount and terms.
Benefits of a DSCR Multi-Family Loan
One of the benefits of a DSCR multi-family loan is that it allows borrowers to acquire or refinance a multi-family property without having to personally guarantee the loan. This can be particularly attractive to borrowers who are looking to grow their real estate portfolio without taking on additional personal debt.
Get the Financing You Need for Your Multi-Family Property
At Commercial Mortgage Help, we have a team of experienced loan officers who are dedicated to helping borrowers find the right financing solution for their multi-family property. If you are considering the purchase or refinancing of a multi-family property, we encourage you to contact us to learn more about our DSCR multi-family loans.
