Know what the lender will ask before they ask it.

What lenders look at

• DSCR: monthly rent divided by principal, interest, taxes, insurance, and HOA
• Leases in place, or a market rent estimate from the appraisal
• Credit score and how much cash you're putting in
• Reserves left over after closing

Have this ready

• Purchase contract or current value estimate
• Current leases and rent roll, if rented
• Recent bank statements for down payment and reserves
• Your LLC documents, if buying in an entity

Good fit if

• You're self-employed or write off a lot of income
• You own several rentals and keep hitting bank limits
• You want to close in an LLC

Run it first

Use the live DSCR check on the home page to see where your deal lands before you send it.

What lenders look at

• After-repair value (ARV) and how it was supported
• Purchase price compared to ARV
• Rehab budget and scope, line by line
• Your track record: completed flips help pricing

Have this ready

• Purchase contract
• Scope of work with a budget
• Comparable sales that back up the ARV
• A list of past projects, if you have them

Good fit if

• You need to close fast on a distressed property
• The property won't qualify for a regular loan as-is
• You plan to sell or refinance within months

The exit matters

Lenders want to know how you get out: a sale, or a refinance into a DSCR loan once it's rented. Say which in your submission.

What lenders look at

• Total project cost against the finished value
• Plans, permits, and a detailed budget
• Your builder's experience and contract
• The exit: sale, or refinance into a rental loan

Have this ready

• Land contract or proof you own the lot
• Plans and specs, permit status
• Builder's bid and budget broken out by line
• Projected timeline and draw schedule

Good fit if

• You're building spec homes or build-to-rent
• You have an infill lot and a plan
• You want one lender from land to finished product

Watch the draws

Most deals that stall in construction stall on the draw schedule. We'll pressure-test yours before it goes to a lender.

What lenders look at

• Net operating income, after real expenses
• Debt service coverage on that income
• Occupancy, lease terms, and tenant quality
• Your experience owning or operating similar property

Have this ready

• Rent roll and trailing 12 months of operating statements
• Purchase contract or offering memorandum
• Your schedule of real estate owned
• Business plan if you're adding value

Good fit if

• You're moving up from residential rentals
• Your bank won't touch the property type
• You're buying your own business's building

Be honest about expenses

Seller numbers often leave things out. We'll rebuild the NOI the way a lender will so there are no surprises at underwriting.

What lenders look at

• Current value and the value after your plan
• What's broken: vacancy, condition, or timing
• How long you need and how you'll pay it off
• Equity you have in the deal

Have this ready

• Purchase contract or current loan payoff
• Your plan to stabilize, with a timeline
• Current rent roll and expenses
• Who refinances you at the end

Good fit if

• You need to close faster than a bank can
• The property is half-empty or mid-renovation
• A maturity is coming and the take-out isn't ready

Plan the take-out

A bridge loan is only as good as the loan that replaces it. We look at both ends before you sign.

What lenders look at

• Time in business and monthly revenue
• Bank statement activity and balances
• Existing debt and payments
• What the money is for

Have this ready

• Recent business bank statements
• Business formation documents
• Equipment quotes, if financing equipment
• Recent tax returns, if you have them

Good fit if

• You need capital faster than a bank will move
• You're buying equipment that pays for itself
• You want a line of credit on standby

Know the cost

Fast business money can be expensive. We'll show you the real cost of each option side by side before you commit.