Longleaf Lending New York DSCR Loans

DSCR Loans in New York:
Modern Financing for Investors

Veteran-owned lender, offering investors DSCR Loans in New York for no-income-verification, hassle-free long-term financing.

Modern, long-term financing solutions

Why Choose Longleaf Lending for Your New York DSCR Loan Needs

Crafted with savvy New York investors in mind, our Long-Term DSCR Loans enable wealth building through a diverse portfolio of rental properties. By prioritizing your investment property's rental income and cash flow metrics, we simplify the loan process. As a top DSCR lender, enjoy competitive interest rates starting at 6.5%.

No Income Verification
Our no-income-verification process eliminates traditional barriers, focusing on your investment's cash flow to qualify you for a loan. This DSCR-centered approach ensures a hassle-free experience, catering specifically to real estate investors' unique needs.
Tailored to Investment Goals
Whether you're investing in short-term vacation rentals or long-term leases, our DSCR loans are crafted to align with your strategic investment plans. This versatility ensures that whatever your goals, our financing solutions fit perfectly.
Efficiency and Speed
At Longleaf Lending, we value your time. Our New York DSCR loan application and approval processes are optimized for efficiency, ensuring quick, smooth progress from your initial application to the final funding.
Adaptive Financing Solutions
Our financing options are as diverse as the properties you invest in. We're committed to offering flexible DSCR solutions that accommodate a wide range of property types and investor profiles.

Fast and simple

How Longleaf Lending's DSCR Loans Work

DSCR (Debt Service Coverage Ratio) loans are a type of financing used by real estate investors that focus on the income generated by the property rather than the personal income of the borrower. Here’s a simplified explanation:

Calculation.
The DSCR is calculated by dividing the property's Net Operating Income (NOI) by its total annual debt payments. NOI reflects the positive cash flow from the property after operating expenses (mortgage payment, taxes, and insurance) are subtracted.
Criteria for approval.
For New York, we typically require a DSCR greater than 1.0, indicating the investment property generates sufficient cash flow to cover its debt obligations. A common threshold is a DSCR of 1.0 to 1.2 or higher, but it is possible to go lower.
No personal income verification.
The approval process emphasizes the property’s cash flow potential, not the borrower's personal financial situation, allowing for more accessible financing for investors.
Craftsman house

DSCR Loan Terms

Get the financing you need to build wealth with real estate in New York using our DSCR long-term 30-year investor loans.

Terms current as of April 25, 2024

Long Term Rental Loan
Loan Value:
$75,000-$2,000,000
LTV:
Up to 80% (as is)
Interest Rate:
Starting at 6.5%
Points:
2-3
Term:
30 years
Closing Time:
As fast as 2 weeks
FICO:
600 minimum

DSCR Loan Requirements Simplified

Understand DSCR Loan New York Requirements

Securing a DSCR Loan in New York involves a focused evaluation of your experience, liquidity, credit score, and investment property's income potential. Here's a summary of the current requirements you should know before applying for a DSCR Loan in New York:

DSCR Calculation:
Minimum of 0.65x
Credit Score:
600 minimum
Loan Amount:
$75,000 to $3 million
Investor Experience:
none required
US Citizenship:
not required
Documentation:
Some of the key required documents include personal ID, bank statements, entity documentation if using a company (operating agreement, EIN letter, articles of incorporation), lease agreement (if currently leased), appraisal (requrested by us), and the purchase HUD (if purchased in the last 12 months).
Occupancy:
Short or long-term rentals, vacant or occupied
Property Type:
SFR, 2-4 units, multifamily 5+ units, mixed use, or commercial
DSCR Loan New York requirements

Designed for New York investors

Build wealth through real estate with our DSCR Loans in New York

New York's Real Estate Potential: Ideal for 30-Year Rental and Long-Term DSCR Loans

New York long term rental property loans

New York State's real estate landscape presents a diverse array of investment opportunities, from the bustling streets of New York City to the serene landscapes of Upstate New York. This variety makes it a compelling market for real estate investors, especially those looking into Single-Family Residential (SFR) properties. With its unique blend of urban and rural settings, New York offers investors the chance to diversify their portfolios and tap into a market known for its resilience and potential for high returns.

Why DSCR Loans Are Ideal for New York's Market

In the ever-evolving New York real estate market, DSCR Loans emerge as a powerful tool for investors. These loans are particularly suited for the New York market due to:
  • Market Diversity: New York's real estate market ranges from high-density urban areas to quiet, rural communities, offering investors a broad spectrum of investment opportunities. DSCR loans provide the flexibility needed to navigate this diverse market effectively.
  • High Rental Demand: The constant demand for rental properties, especially in urban centers, makes New York an ideal location for SFR investments. DSCR loans focus on the income-generating potential of the property, allowing investors to leverage this demand to their advantage.
  • Regulatory Landscape: New York's unique regulatory environment can pose challenges to traditional financing methods. DSCR loans offer a streamlined alternative that focuses on the property's financial performance rather than personal income, making it easier for investors to secure financing.

The Strategic Advantage of SFR Investments in New York

Investing in SFR properties in New York State can be particularly lucrative due to the state's high rental yields and potential for property value appreciation. The diversity within the state allows investors to target a wide range of tenants, from professionals seeking urban dwellings to families looking for spacious homes in quieter neighborhoods. This versatility enhances the appeal of SFR investments as a key strategy for portfolio diversification and long-term wealth accumulation.

Maximizing Returns with DSCR Loans

DSCR loans in New York State empower investors to make the most of the state's dynamic real estate market. By providing a path to financing that bypasses the hurdles of traditional lending, these loans enable investors to quickly capitalize on investment opportunities. Whether expanding a portfolio or entering the New York market for the first time, DSCR loans offer a solid foundation for achieving investment goals and building wealth in one of the nation's most vibrant real estate markets.

New York State's real estate market, with its blend of urban energy and rural charm, presents unique opportunities for building wealth through SFR investing. DSCR loans offer the strategic advantage investors need to navigate this diverse market, providing the flexibility, efficiency, and focus on property income that are crucial for success in the Empire State.

New York DSCR Loan frequently asked questions

How is DSCR Calculated in New York?

How is DSCR calculated in New York?

In New York, the Debt Service Coverage Ration (DSCR) is calculated by dividing a property's rental income by it's expenses. In some cases another method could be used which involves dividing Net Operating Income (NOI) by the Debt Service.

Income: For simplicty purposes, you can think about the top line as the annual rental income for your investment property. In some cases a 90% factor might be applied.

Expenses: There are four main components of the expenses.

  • Principal and Interest
  • Taxes
  • Insurance
  • HOA fees

Here's an example so you can see exactly how DSCR is calculated. To keep things easy, we are assuming there is no principal payment, which you might expect with an interest only period. To learn more about how DSCR loans work, check out our detailed article.

How is DSCR calculated in New York?

About the Longleaf Lending Team

Longleaf Lending is a veteran-owned, direct lending firm with a deep focus on the real estate market. Established in Texas, we bring over two decades of combined experience in real estate, hard money lending, and investment banking.

Funding Experience

Since 2018, we have funded over 600 hard money loans, totaling more than $125 million in loan value.

Expert Leadership

Our leadership includes co-founders Pete Underwood and Matt Weidert, who bring extensive experience from real estate investment, investment banking, and military service.

Commitment to Innovation

We are committed to providing innovative real estate solutions, with a strong focus on integrity and professionalism as a member of the American Association of Private Lenders.

For more about our journey and the dedicated team behind Longleaf Lending, visit our full About Us page.

Explore other New York DSCR markets

Submit your New York loan request today

Start your DSCR Loan funding today

Ready to propel your New York rental project forward? Our simple loan request process is designed to get you the funding you need quickly and efficiently.

How the DSCR funding process works with Longleaf Lending

Submit our Online Form

Begin by filling out our short form. It's straightforward and only takes a minute. Provide us with some basic information about you and your project.

Get a Term Sheet in less than 24 Hours

After submitting your form, you'll receive a detailed term sheet from us within 24 hours. This term sheet will outline the terms of your loan and give you the confidence to proceed with your project.

Get Funded

Experience fast and straightforward funding. At Longleaf Lending, you'll work directly with our team throughout the entire process, from application to funding.

Applying does not affect your credit score

Apply for a New York DSCR Loan in 60 Seconds

Begin the funding process by completing our short online form.