Columbia, SC DSCR Loans

CoreVest Finance provides DSCR loans in Columbia, SC, which are ideal for real estate investors seeking to purchase, refinance, or renovate commercial or investment properties. DSCR loans take into account both the property’s cash flow and the borrower’s capacity to repay the loan.

Compared to traditional commercial loans, one of the main advantages of DSCR loans is their flexibility and accessibility. DSCR loans do not rely solely on the borrower’s credit score or personal financial history, making them a suitable financing option for real estate Columbia, SC investors with less-than-perfect credit or limited personal income.

Instead, DSCR loans are based on the property’s ability to generate sufficient cash flow to cover the loan payments. By leveraging Columbia, SC DSCR loans, investors can access the capital they need to seize new investment opportunities quickly and expand their real estate portfolio.

Don’t miss out on your investment potential. Reach out to us today to explore how Columbia, SC DSCR loans can help you access to the required to capitalize on new investment opportunities and grow their portfolios.

Why Columbia, SC is a Hidden Gem for Real Estate Investors

  1. College Town Vibe: Columbia is home to the University of South Carolina, which creates a college town vibe with a high demand for rental properties. This can provide investors with a steady source of rental income, as well as potential appreciation in property values over time.
  2. Military Presence: Columbia is home to Fort Jackson, one of the US Army’s largest training centers. This creates a strong demand for rental properties from military personnel and their families, providing investors with a stable tenant base.
  3. Growing Tech Industry: Columbia is becoming known as a hub for technology and innovation, with companies like IBM and Nephron Pharmaceuticals setting up operations in the area. This can lead to job growth and increased demand for rental properties from tech industry workers.
  4. Cultural Attractions: Columbia has a vibrant arts and culture scene, with attractions like the Columbia Museum of Art and the South Carolina State House. This can attract renters who value access to cultural amenities, increasing demand and potential rental income.
DSCR Loan

Columbia, SC DSCR Loan

  • Single rental property

  • Long or short term leases

  • Single-family, 1-4 units, condo, townhome

  • $75k – $2M+

  • Up to 75% of value

  • 30-year term

  • Purchase or refinance

  • Foreign nationals eligible

  • Nationwide lending

Columbia, SC DSCR Loans – Frequently Asked Questions

What Columbia, SC Property Types does CoreVest Finance lend on for DSCR?
We lend on Single-family, 1-4 units, condos and townhomes.

What are CoreVest Finance’s Columbia, SC DSCR Rates?
CoreVest Finance offers competitive rates for DSCR loans. Rates vary due to investor’s past history and experience. For current rates, give us a call.

What is my turnaround time for an DSCR application?
We usually respond back to potential borrowers with a term sheet between 2-7 days.

How long will it take my DSCR Loan to close?
Our DSCR loans typically close within 20 days. Most of our DSCR Loans close within 4-6 weeks.

Request More Information

Columbia, SC DCSR Loan Rates from CoreVest Finance
Types of Properties Single-family, 1-4 units, condo, townhome
Loan Amount $75k – $2M+
LTV Up to 75% of value
DCSR Interest Rates Varies
Minimum Qualifications / Documentation Credit score: at least 680, Borrower must be a business entity, Call for more details
Other Financing Available Rental Portfolio Loan, Single Asset Rental Loan, Bridge Loans, Fix and Flip Credit Line, Rental Aggregation Line, Single Asset Bridge Loan
*Exceptions may be granted due to borrower history and experience with DCSR loans. Call for details.

Together We Grow

CoreVest continues to grow with our borrowers and remain active participants in the industry

Back To Top