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.
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RCN Capital

Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans

$75,000 - $10,000,000
12 to 360 months
8.00% - 13.00%
2.00% - 5.00%
KECO Capital, LLC

Funding for Investors By Investors

6 to 360 months
Rehab Financial Group

100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!

$100,000 - $1,250,000
9 to 12 months
11.25% - 12.75%
2.00% - 3.00%
LendingOne

Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide

$70,000 - $50,000,000
9 to 360 months
0.75% - 1.99%
Center Street Lending

Smarter Loans for Residential Investors

$150,000 - $40,000,000
6 to 24 months
9.00% - 12.50%
0.50% - 2.00%
HouseMax Funding

Hard Money Loans to Fund Your Next Big Project

$75,000 - $7,000,000
12 to 360 months
7.00% - 12.99%
1.00% - 4.00%
Kiavi

Servicing 18,000+ Real Estate Investors Across the Country

$100,000 - $3,000,000
12 to 360 months
6.62% - 12.45%
Residential Capital Partners

100% Financing for Residential Rehab Projects (NO Money Down)

$75,000 - $1,250,000
1 to 9 months
10.40% - 13.90%
2.00% - 3.00%
Conventus

We Fund Fast While Providing Excellent Service and Competitive Pricing

$150,000 - $100,000,000
6 to 60 months
9.00% - 12.99%
0 - 2.00%
American Heritage Lending

Direct Lender for Residential Real Estate Investors Nationwide

$100,000 - $5,000,000
12 to 360 months
8.00% - 12.00%
1.00% - 3.00%
i Fund Cities

Great F#*%ing Loans, Built By Investors For Investors

$75,000 - $15,000,000
6 to 360 months
7.00% - 12.00%
1.50% - 4.00%

Ohio DSCR Loan Interest Rates

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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

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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.

  1. RCN Capital funded over $96,180,000
  2. Constructive Capital funded over $69,140,000
  3. ROC Capital funded over $58,590,000
  4. Dominion Financial funded over $49,810,000
  5. Lima One Capital funded over $27,670,000
  6. LendingOne funded over $20,490,000
  7. Renovo Financial funded over $20,370,000
  8. Velocity Commercial Capital funded over $18,670,000
  9. American Heritage Lending funded over $14,350,000
  10. 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. 

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

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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 $154,240,417 of private money loans were funded in the 4th quarter of 2024 for 655 borrowers.
  • Approximately $122,409,526 of private money loans were funded in the 3rd quarter of 2024 for 536 borrowers.
  • Approximately $87,921,297 of private money loans were funded in the 2nd quarter of 2024 for 380 borrowers.
  • Approximately $90,938,351 of private money loans were funded in the 1st quarter of 2024 for 401 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.

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