New York DSCR Loans
DSCR loans in New York by Easy Street Capital: Rates from 5.75%, up to 80% LTV for purchases/refis, 75% cash-out, no min DSCR. Lending statewide, including New York City and Buffalo.
EasyRent is our tailored and industry-leading DSCR Loan solution for New York real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great New York DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
New York Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Empire State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like New York, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for New York real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Empire State below:
Single-Family Residence
Ashland, NY
$257,400 New York DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ashland. Set in a picturesque mountain area with endless opportunities for hiking, skiing, and fishing, this renovated property offers the ideal setting for a short-term rental getaway. Recently upgraded and now fully operational, it’s already attracting bookings thanks to its modern updates and proximity to popular nearby towns and outdoor attractions.
Single-Family Residence
Rhinebeck, NY
$204,000 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rhinebeck. This investment home is ideally situated in a residential neighborhood near I-84 which offers convenient access for commuting to the city. Shopping and public transportation are both within a mile.
Single-Family Residence
Nyack, NY
$1,993,200 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Nyack. This riverfront home sits just feet from the Hudson, offering sweeping water views and direct access to a private dock. High-end amenities like a boathouse, pool, gym, and media room make it a rare blend of luxury and convenience, all within a mile of downtown Nyack.
Single-Family Residence
Hunter, NY
$851,900 New York DSCR Rental Loan for an Acquisition of a rental property in Hunter. This beautifully remodeled property features high-end finishes, a modern kitchen with custom cabinetry, and expansive windows that fill the space with natural light. Located near Hunter Mountain’s year-round outdoor activities and the charming Hunter Village, it offers a perfect blend of luxury and adventure for a short-term rental.
Single-Family Residence
Yonkers, NY
$614,250 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Yonkers. Located within a mile of two major highways that facilitate travel south to Manhattan, this suburban residence features an updated kitchen and bathrooms as well as two fireplaces, a wood patio, and a two-car garage.
Duplex
Buffalo, NY
$149,800 New York DSCR Rental Loan for a Rate-Term Refinance of a rental property in Buffalo. This duplex features an open porch, a two-car garage, and a full basement. It is located in a suburban neighborhood northeast of downtown Buffalo, surrounded by similarly styled properties.
Single-Family Residence
Seneca Falls, NY
$492,800 New York DSCR Rental Loan for an Acquisition of a rental property in Seneca Falls. This property backs up to the picturesque Cayuga Lake, one of the Finger Lakes, which can be admired from the spacious deck. Upon acquisition, this home will be used as a short-term rental.
Multifamily (5-Unit)
Watertown, NY
$175,000 New York DSCR Rental Loan for a Cash-Out Refinance of a rental property in Watertown. With five total units, this multifamily property is located just a few blocks from downtown and currently fully occupied on long-term leases.
Single-Family Residence
Center Moriches, NY
$765,000 New York DSCR Rental Loan for an Acquisition of a rental property in Center Moriches. This property offers enjoyable waterfront views with an open deck at its rear that leads directly to Moriches Bay. The home will be utilized as a short-term rental upon acquisition.
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