Rhode Island DSCR Loans
CoreVest Finance provides DSCR loans in Rhode Island, 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 Rhode Island 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 Rhode Island 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 Rhode Island DSCR loans can help you access to the required to capitalize on new investment opportunities and grow their portfolios.
Rhode Island DSCR Loans – Frequently Asked Questions
What Rhode Island 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 Rhode Island 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.
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|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|
Together We Grow
CoreVest continues to grow with our borrowers and remain active participants in the industry