What is Investor DSCR Mixed Use?
The Investor DSCR Mixed Use loan program is an investor’s dream come true for mixed-use properties. Here’s why: It grants up to a generous 75% LTV with loan amounts spanning from $250K right up to $3M, making it suitable for a range of investments. Tailored for non-owner-occupied business endeavors, this program is distinctive in its 1:1 DSCR requirement. Your borrowers just need to demonstrate a year of hands-on experience within the last three years in either commercial or residential real estate management. With a FICO score starting at 660, it prioritizes the lowest middle score among all borrowers for qualification. And the cherry on top? Whether your clients operate under an LLC or Corporation, they can vest the title at closing, provided there’s a Natural Person involved. Plus, it’s not just limited to US persons; foreign nationals can also jump aboard. A comprehensive and inclusive solution for mixed-use property investments!
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- Up to 75% Max LTV
- Loan Amounts: $250K–$3M
- Purchase, Rate and Term, Cash Out
- NOO Business Purpose
- Min FICO Score of 660, Qualifying off Lowest Middle Score of All Borrowers
- 1:1 DSCR Only – Borrowers Must Have 1 Year of Recent Experience Owning and Managing Either a Commercial or Residential Real Estate in the Last 3 Years
- LLC or Corporate Title Vesting at Closing Eligible With Natural Person
- U.S. Persons and Foreign Nationals