DSCR
Debt Service Ratio - What is it?
What is debt service ratio (DSR)? Well, let us start out by saying that although Debt Service Ratio is used more than half of the time by bankers, mortgage brokers and realtors, the correct term is Debt Service Coverage Ratio (DSCR). When you apply for a commercial mortgage, the DSCR is the most important calculation to the lender. DSCR is the margin of net operating income left over to make mortgage payments after all the other expenses are paid. It is a great calculation for showing how profitable your property is to a lender and puts a number on what the risk is to make this loan.
Commercial Mortgage (Maximum Size) Part 2
August 24, 2016
As stated in the most recent blog, Commercial Mortgage (Maximum Size) (the first part), the majority of investors want the biggest size mortgage they can afford in order to receive a larger investment as well as a larger property. In the first part, we covered 2 things the investor can do to get a bigger loan.
Commercial Mortgage (Part 3)
April 27, 2016
Welcome to Part 3 on Commercial Mortgages. The focus thus far has specifically been on mortgages. The previous week we went over four key points. Here is a quick summary:
CLOSING 97% OF OUR MULTIFAMILY LOANS AS PROPOSED
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HUD Loans are one of the best options with the current level of interest rates. For a complete guide to HUD Multifamily Loans please go here: