****NO DCR Calculation (Debt Coverage Ratio) on Commercial Properties****
Loan amount must be less than $500,000
LTV must be 70% or less
Applies to all Property Types
Why is this important?
- DCR can severely limit loan amounts
- In metropolitan markets where rents have not caught up with values, you don’t have to worry about DCR qualification
- You can make additional Yield Spread and it won’t affect DCR
- No leases, rent roll, and profit and loss required
- 1-4 Family program never requires a DCR calculation
Do you have a deal being limited by the DCR?
*This product is not regulated by the New York State Department of Financial Services