Plenty of lenders offer DSCR loans. Here’s what makes working with Boathouse Commercial Funding Group different.
We Only Require a Soft Credit Pull
Shopping for financing shouldn’t cost you credit score points before you’ve even chosen a lender. We use a soft pull to get you preliminary terms, so you can explore your options without the impact of a hard inquiry.
Your Personal Credit Report Stays Untouched
Most lenders report your LLC’s loan on your personal credit report, which can negatively impact your scores. Because your Boathouse DSCR loan is made to your LLC, corporation, or trust rather than to you individually, it does not report to your personal credit. Your portfolio can grow without your personal credit utilization climbing alongside it.
No Cap on the Number of Mortgages You Hold
We don’t limit how many properties you can finance with us the way many conventional lenders do. If the numbers work on the next deal, we’re ready to look at it.
Only 3 Months of Seasoning to Use the New Appraised Value
Many lenders make you wait 6-12 months after a purchase or renovation before they’ll refinance based on the new appraised value. We only require 3 months, so you can pull equity out and redeploy capital faster.
Vacancy Is Allowed on 2-4 Family Properties
We understand that a vacant unit doesn’t mean a bad investment, it might mean a renovation, a tenant transition, or a strategic hold. We don’t automatically disqualify 2-4 family properties for having vacancy at the time of underwriting.
A True 30-Year Fixed Loan
Not an adjustable rate that resets after an introductory period, and not a balloon payment that forces you to refinance on someone else’s timeline. Our DSCR loans are fixed for the full 30-year term.
No Annual Financials Required
Once your loan closes, it stays closed. We don’t require you to submit annual financial statements or re-qualify the way some commercial lenders do.
If you’ve been frustrated by lenders that treat every investor the same regardless of their portfolio or their goals, these differences add up to a lending relationship built around how investors actually operate. Contact us to get started.