Austin DSCR Long-Term Rental Lenders
Are you seeking long-term private financing for a residential rental property in Austin? 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 Austin’s urban areas. Some lenders consider vacation rentals (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 and location. The minimum credit score is 680 for most lenders. The loan terms range from 5 to 30 years.Searching...
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Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Eagle Point Lending
Asset-Based Lender for Texas Real Estate Investors
Finance of America Commercial
Residential Real Estate Investment Loans Made Simple
Griffin Funding
DSCR Long-Term Rental Loans for Residential Investment Properties
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Easy Street Capital
Direct Lender for Residential Flips and Rentals
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Funded Long-Term Rental Loans in Austin
Easy Street Capital, a direct private real estate lender, funded a $1,852,500 1st lien position rental refinance loan secured by a single-family home in Austin, Texas. Our loan-to-value was 65%. This cash-out refinance was not the first for this investor. He has over 15 years of experience. This property is his 19th. The newly constructed home is now being used as a short-term rental. It is expected to cash-flow $27,000 per month! The interest rate was fixed at 8.75% and the DSCR was 1.30. The loan term was set at 30 years. This DSCR rental refinance loan was funded in July 2023.
RCN Capital funded a $268K private mortgage secured by a single-family home in Austin, TX. The Borrower had already held the property as a rental. The property was in good condition, leased, and generating income of $1,790/month. RCN was able to provide a 30-year loan term with a 10-year interest-only period. The loan-to-value was 75% of the as-is value. The interest rate was 4.8%. The Borrower intends to continue to hold the property long-term. This SFR private mortgage was funded in December 2020.