Ohio DSCR Loan Lenders for Rental Property
Are you seeking long-term private financing for a residential rental property in Ohio? On this page you'll find a list of lenders that offer these DSCR loans for single family homes, condos, and 2-4 unit rental properties in Ohio' urban areas. Some lenders consider vacation rental (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score, location and other factors. The loan terms range from 3 to 30 years. D.S.C.R. stands for debt service coverage ratio, which is a measure of the property's cash flow. The formula is gross rental income divided by expenses (mortgage principal and interest, property taxes, insurance, and HOA dues, if applicable). These loans qualify based on the DSCR rather than the borrower's personal income.Searching...
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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.

Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!
Ohio DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Ohio DSCR long-term rental loans in the 4th quarter of 2024 was 7.40%. The average loan amount was $147,267. These stats are the average of 539 loans funded for residential rental properties in Ohio between October 1, 2024 and December 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
Top 10 Ohio DSCR Lenders for Rental Properties
According to SFR Analtyics, here are the top private lending companies that are funding DSCR long-term loans secured by residential rental properties in Ohio, along with the approximate loan volume funded. The list ranks each lender by the total loan volume originated throughout Ohio from January 2024 to December 2024.
- RCN Capital funded over $96,180,000
- Constructive Capital funded over $69,140,000
- ROC Capital funded over $58,590,000
- Dominion Financial funded over $49,810,000
- Lima One Capital funded over $27,670,000
- LendingOne funded over $20,490,000
- Renovo Financial funded over $20,370,000
- Velocity Commercial Capital funded over $18,670,000
- American Heritage Lending funded over $14,350,000
- Visio Lending funded over $13,270,000
Click the links to view each lender’s profile. The lenders without a link do not have an active Lender Link profile. The loan volume amounts mentioned are approximate. Not every loan has maturity data, so some lender’s volume may be higher than shown.Â
SFR Analtyics provides advanced analytics for top-performing real estate investors and private lenders. Their platform provides nationwide, real-time property data, including market activity, ownership changes, and detailed buyer behavior insights. With custom dashboards and alerts, users can track active investor and lender activity, access rental market information, and analyze geographic and demographic trends. Their Private Lender Radar product gives lenders deep insights into borrower portfolios, lending activity, and verified contact details. For those needing bulk data, they supply updated daily records, including deeds, rental listings, demographic data, and building permits, to support informed decision-making across the residential real estate market.
Ohio DSCR Rental Loan Volume
According to SFR Analytics, here is the approximate quarterly volume of DSCR loans secured by residential rental properties in Ohio which were funded from January 2024 to December 2024.
- Approximately $154,240,417Â of private money loans were funded in the 4th quarter of 2024 for 655 borrowers.
- Approximately $122,409,526Â of private money loans were funded in the 3rd quarter of 2024 for 536 borrowers.
- Approximately $87,921,297Â of private money loans were funded in the 2nd quarter of 2024 for 380Â borrowers.
- Approximately $90,938,351Â of private money loans were funded in the 1st quarter of 2024 for 401Â borrowers.
Below are the approximate DSCR loan volume amounts for Ohio’s metropolitan areas:
Akron, OH
- 2024 Q4: $16,708,448 for 75 borrowers
- 2024 Q3: $11,367,132 for 59 borrowers
- 2024 Q2: $9,968,687 for 45 borrowers
- 2024 Q1: $6,233,040 for 48 borrowers
Cleveland, OH
- 2024 Q4: $32,546,616 for 211 borrowers
- 2024 Q3: $21,498,047 for 144 borrowers
- 2024 Q2: $18,309,615 for 115 borrowers
- 2024 Q1: $28,396,449 for 125 borrowers
Columbus, OH
- 2024 Q4: $28,268,853 for 104 borrowers
- 2024 Q3: $30,916,850 for 113 borrowers
- 2024 Q2: $18,964,038 for 71 borrowers
- 2024 Q1: $21,599,290 for 81 borrowers
Dayton-Kettering-Beavercreek, OH
- 2024 Q4: $19,083,049 for 72 borrowers
- 2024 Q3: $15,250,013 for 53 borrowers
- 2024 Q2: $7,468,002 for 28 borrowers
- 2024 Q1: $8,934,421 for 46 borrowers
Cincinnati, OH
- 2024 Q4: $33,770,816 for 106 borrowers
- 2024 Q3: $25,405,215 for 90 borrowers
- 2024 Q2: $16,776,199 for 65 borrowers
- 2024 Q1: $23,480,757 for 66 borrowers
SFR Analytics provides advanced analytics for top-performing real estate investors and private lenders. Their platform provides nationwide, real-time property data, including market activity, ownership changes, and detailed buyer behavior insights. With custom dashboards and alerts, users can track active investor and lender activity, access rental market information, and analyze geographic and demographic trends. Their Private Lender Radar product gives lenders deep insights into borrower portfolios, lending activity, and verified contact details. For those needing bulk data, they supply updated daily records, including deeds, rental listings, demographic data, and building permits, to support informed decision-making across the residential real estate market.
Funded DSCR Rental Loans in Ohio

DSCR Equity Cash-Out Loan for Single-Family Rental in Beavercreek, Ohio
$166,786
RCN Capital, a national direct private lender, funded a $166,786 1st lien position equity cash-out loan secured by a single-family home in Beavercreek, Ohio, which is part of the Dayton metro area. The property value was estimated at $275,000 so our loan-to-value was 61%. An as-is and Collateral Desktop Analysis confirmed that the appraised value was acceptable. The house is currently leased for $1,825 per month which was below the market rate per the appraiser’s estimate of $1,950. The Sponsor on the loan had mid-scores of 778 and bank statements that reflected sufficient liquidity to close. The total loan amount was 60.6% LTV with a 1.10 DSCR. The subject property was in excellent condition. It is approximately 1,712 square feet. The Borrower plans to hold the property as a long-term rental. The interest rate was fixed at 6.9% and we charged 2.5% origination points. The loan term was set at 30 years. This DSCR equity cash-out loan was funded in June 2023.Â

RCN Capital, a national direct private lender, funded a $176,267 1st lien position equity cash-out DSCR loan for a single-family home in Dayton, Ohio. The property value was estimated at $240,000 and the CDA (Collateral Desktop Analysis) confirmed that the appraised value was acceptable. Our loan-to-value was 73% with a 1.10 DSCR. The property is currently leased for $1,850 per month which is below the market rate per the appraiser’s estimate of $2,000. The Borrower had mid-scores of 778 and bank statements that reflected sufficient liquidity. The subject property was in excellent condition and tenant-occupied at closing. It is approximately 1,493 square feet. The interest rate was fixed at 7.3% with amortized payments and we charged 2.5% origination points. The loan term was set at 30 years. This DSCR equity cash-out loan was funded in June 2023.

RCN Capital, a national direct private lender, funded a $131,250 1st lien position DSCR rental loan for the purchase of a single-family residence in Fairborn, OH. We funded 73% of the $175,000 purchase price while the Borrower contributed 27% cash at closing. The subject property was appraised for $180K As-Is (Collateral Desktop Analysis confirmed) with an estimated market rent of $1,400/month. The Sponsor had good credit and liquidity to close. The loan was structured at 73% of the purchase price presenting 1.22 DSCR which indicated a cash-flowing investment property. The subject property was in excellent condition. It was approximately 1,506 square feet. The Borrower plans to continue leasing the property long-term. The interest rate was fixed at 6.86% with amortized payments, and we charged 4% origination points. The loan term was set at 30 years. This SFR DSCR rental purchase loan was funded in March 2023.

RCN Capital, a national direct private lender, funded a $120,000 DSCR long-term rental refinance loan secured by a newly renovated duplex in West Carrollton, OH. The subject property’s value was approximately $160,000 as-is, so the loan-to-value for our first mortgage was 75%. We paid off a previous loan balance of $117,000. The Borrower was a repeat and experienced investor looking to refinance existing debt on a subject property and hold it to a long-term loan. The 2-unit family residence was being leased for $1,035 per month which was below the market rates as per the appraiser’s estimate ($1,400). The Sponsor had good credit with a mid-score of 735 and bank statements that reflected solid liquidity sufficient to meet our reserve requirement. The debt service coverage ratio was 1.25. The fixed interest rate was 7.17%. We charged 2% origination points. The loan term was set at 30 years. This DSCR rental refinance loan was funded in December 2022.

RCN Capital, a national direct private lender, funded a $148,000 loan for the purchase of a 4-unit residential property in Dayton, Ohio. The purchase price was $185,000. RCN Capital funded 80% of the purchase in 1st lien position, and the Borrower contributed a 20% cash down payment at closing. The Borrower is an experienced investor with over 20 rental properties in their portfolio, looking to take on another 30-year deal under contract to acquire the subject property with intentions of holding it long-term as a rental/income property. They had good credit with a mid-score of 718 and bank statements evidenced over $131,418 in total assets. The loan was structured and priced in accordance with RCN’s qualification model. The Appraiser’s estimated combined market rent is $2,400 per month, which resulted in a 1.86 DSCR. The fixed interest rate was 6.6% and the loan term was set at 30 years. The subject property was in good condition, and we charged 4% origination points. Two out of four leases were in place at the time of closing. This DSCR rental loan was funded in October 2022.

i Fund Cities, an alternative lending platform built for investors, funded a $271,600 DSCR rental loan for the purchase of a single-family residence in New Albany, Ohio, about 15 miles northeast of Columbus. The purchase price was $388,000. I Fund Cities funded 70% of the purchase in 1st lien position, and the Borrower contributed a 30% down payment of $116,400 plus closing costs. The loan term was 30 years with a fixed interest rate. The property was in excellent condition and ready for a tenant. The loan term was set at 30 months.
This client came to us through a Google search after her lender had significantly reduced her leverage by over 30% on the pending loan for her investment property. To make matters worse, this had happened within days of closing, and she could not get an extension on her contract. iFC’s highly skilled loan officer, Caitlin Davis, rose to the challenge! She quickly put together an accurate loan quote for the borrower and worked tirelessly. Moving seamlessly through iFC’s straightforward loan process, she and the borrower were able to close the loan in just 10 days – right on time! The borrower was incredibly grateful, and now knows they have a lender they can rely on for life. This DSCR residential long-term rental loan was funded in September 2022.

RCN Capital funded a private mortgage in the amount of $151,000 for a residential real estate investor in Columbus, OH. The investor purchased a single-family house for $45,000 in June. The house was quite dilapidated and needed a lot of work. The investor did $55,000 worth of renovation using their own cash over a 4-month period and planned to hold it as a long-term rental for cash flow. Once the rehab project was completed, they were able to lease the property for $1,500/month which was slightly higher than the market rent. Post renovation, the property was appraised at $202,000. RCN Capital was able to provide a 30-year fixed-rate loan at a 6.24% interest rate. The loan-to-value is 75% of the completed value. This SFR private mortgage loan was funded in October 2020.