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DSCR rental loans in Florida
Long-term financing for LLCs and corporations holding rental property. The loan qualifies on the rent the property itself produces, not on your personal income, which is why no tax returns are required.
Business entities only. Not a consumer lender. Every loan is subject to underwriting and approval, and nothing on this page is a commitment to lend.
What a DSCR loan is
DSCR stands for debt service coverage ratio. It is the rent the property brings in, measured against the loan payment. If a property rents for $3,000 and the monthly payment including taxes and insurance is $2,400, the ratio is 1.25.
That single number does most of the qualifying. Your salary, your employer and your tax returns do not enter into it. For an investor holding several properties inside an LLC, this is usually the only sensible route: conventional lenders count every existing mortgage against you, a DSCR lender looks at each property on its own merits.
- No tax returns and no income verification
- Qualified on the property, not on the borrower's salary
- 30-year fixed, 40-year fixed and interest-only structures
- Loan sizes from $75,000 to $5,000,000
What ratio you need
A ratio of 1.00 means the rent exactly covers the payment. Most programs treat 1.00 as the floor and reserve their best pricing for 1.25 and above.
Below 1.00 is not automatically a refusal. Programs exist down to lower ratios, with reduced leverage and different pricing. A property that does not cover its own payment can still be financed when the equity is there.
Short-term rentals
Short-term rental income is accepted on many programs, evaluated from a rental analysis or from the property's own booking history rather than from a long-term lease.
Expect the underwriting to be more conservative than on a twelve-month lease. Seasonality in Florida cuts both ways, and a strong winter does not carry a weak summer on its own.
Who qualifies
Business entities only: LLCs and corporations holding the property for investment. A recently formed entity is not an obstacle, and an entity can be formed before closing.
Foreign nationals borrowing through a US entity are welcome. A US bank account and the entity documents are needed to close, and no US credit history is required on our asset-based programs, which carry lower leverage and different pricing.
Any enquiry uses a soft credit pull only, which never affects a credit score.
From enquiry to closing
A preliminary term sheet is issued within one hour of a complete file, during business hours. Closing typically takes 15 to 30 days, longer than a fix and flip because the appraisal includes a rental analysis.
To quote we need the property address, the purchase price or current value, the actual or market rent, the loan amount requested and the entity name. That is enough to put numbers in front of you.
Questions
DSCR questions
What is a good DSCR?
A ratio of 1.00 means the rent exactly covers the loan payment. Most programs set 1.00 as the floor and give their best terms at 1.25 and above. Ratios below 1.00 can still be financed at reduced leverage and different pricing.
Do you really not ask for tax returns?
Correct. A DSCR loan qualifies on the rental cash flow the property produces. We do not ask for tax returns or verify personal income. We do verify the entity, the property and the rent.
Can I use short-term rental income?
On many programs, yes. It is assessed from a rental analysis or from the property's own booking history. Underwriting is more conservative than on a long-term lease, and Florida seasonality is taken into account.
How many properties can I finance?
There is no arbitrary cap. Each property is underwritten on its own cash flow, which is precisely why investors with several rentals use DSCR rather than conventional financing.
Can a foreign national qualify?
Yes, borrowing through a US LLC or corporation. A US bank account and entity documents are required to close. On our asset-based programs no US credit history is required, at lower leverage and different pricing.
How long does closing take?
Typically 15 to 30 days. The appraisal includes a rental analysis, which adds time compared with a short-term loan. A preliminary term sheet is issued within one hour of a complete file.