San Antonio DSCR Loans
CoreVest Finance provides DSCR loans in San Antonio, TX, 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 San Antonio, TX 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 San Antonio, TX 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 San Antonio, TX DSCR loans can help you access to the required to capitalize on new investment opportunities and grow their portfolios.
Reasons to Invest with DCSR Loans in San Antonio, TX
- Growing Population: San Antonio has a growing population, with an estimated 1.5 million residents as of 2021. This can lead to increased demand for rental properties, providing investors with potential rental income and appreciation in property values over time.
- Stable Job Market: San Antonio has a stable job market, with a strong military presence and several growing industries such as healthcare and technology. This can lead to job growth and increased demand for rental properties, providing investors with a stable source of rental income.
- Affordable Cost of Living: San Antonio has a relatively affordable cost of living compared to other major cities in the US. This can make rental properties more accessible to a broader range of tenants, increasing demand and potential rental income for investors.
- Strong Tourism Industry: San Antonio is a popular tourist destination, with several major attractions such as the Alamo and River Walk. This can create a stable tenant base for rental properties, providing investors with potential rental income and reducing the risk of vacancies. Additionally, San Antonio’s strong tourism industry can lead to increased economic activity and job growth, creating a stable tenant base for rental properties.
San Antonio, TX DSCR Loans – Frequently Asked Questions
What San Antonio, TX 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 San Antonio, TX 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