All of our CASE STUDIES, like this St Petersburg, FL, DSCR Rental Loan case study for a loan in the amount of $3M, showcase the real estate investment loans we have done for our clients. They give you real-life details about how other investors used our loan products to build their portfolios! From fix and flip and fix to rent loans to new construction, multifamily and rental loans, we do them all!
CASE STUDY OVERVIEW
Location: St Petersburg, FL
Loan Amount: $3M
iFC Loan Product: DSCR Rental Loan
Property Type: SFH
Loan Closing Date: 02/26/25
Purchase Price: n/a (Ground-up Development)
Loan to value: 70%
Exit Strategy: Rental
Length of Loan: 30-Year Fixed
CASE STUDY DETAILS: DSCR Rental: St Petersburg, FL: $3M
This repeat customer is an experienced investor doing build-to-rent and build-to-sell projects in Tampa, FL.
The borrower came to us because he needed to refinance multiple newly constructed properties but faced tightening lending guidelines and exposure limits with his current bank.
HOW WE HELPED
The bank was not able to get to the borrower’s desired LTV number due to their strict DSCR limitations. The DSCR minimum for the bank was 1.25. We were able to get it done at 1.10 while still offering him favorable terms.
We also provided a 10-year interest-only loan that converts to a 30-year fully amortizing loan, which also helped with the DSCR.
This flexible loan structure supports the borrower during the acquisition and construction phases of his projects, transitioning him into long-term financing once the properties are rented and stabilized.
By overcoming DSCR and exposure limitations, we were able to give the client a higher loan amount than his bank, allowing the borrower to reinvest more capital back into his business so he could continue to scale.