Longleaf Lending Tampa Florida DSCR Loans

DSCR Loans in Tampa Florida:
Modern Financing for Investors

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

Modern, long-term financing solutions

Why Choose Longleaf Lending for Your Tampa Florida DSCR Loan Needs

Crafted with savvy Tampa Florida 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 Tampa Florida 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 Tampa Florida, 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 Tampa Florida using our DSCR long-term 30-year investor loans.

Terms current as of July 14, 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:
620 minimum

DSCR Loan Requirements Simplified

Understand DSCR Loan Tampa Florida Requirements

Securing a DSCR Loan in Tampa Florida 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 Tampa Florida:

DSCR Calculation:
Minimum of 0.65x
Credit Score:
620 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 Tampa Florida requirements

Designed for Tampa Florida investors

Build wealth through real estate with our DSCR Loans in Tampa Florida

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

Tampa Florida long term rental property loans

Navigate Success with DSCR Loans in Tampa, Florida Real Estate

Are you considering diving into the flourishing real estate market of Tampa, Florida? Your path to success starts here! DSCR loans offer a strategic financing solution perfectly suited to the unique opportunities and dynamics of Tampa's real estate landscape, empowering investors to unlock potential and realize substantial returns on their investments.

Why DSCR Loans in Tampa, Florida?

Tampa's real estate market offers a rich tapestry of opportunities, from waterfront properties to bustling commercial districts and suburban neighborhoods. In this dynamic environment, traditional lending options may not always align with investors' needs. DSCR (Debt Service Coverage Ratio) loans provide a tailored solution by evaluating financing based on the income potential of the property itself.

DSCR loans are ideally suited for Tampa's real estate market, enabling investors to leverage the income-generating capabilities of their properties to secure financing. Whether you're interested in residential rentals, retail spaces, or mixed-use developments, DSCR loans provide the capital necessary to capitalize on opportunities in this vibrant city.

DSCR Loan Benefits for Tampa Real Estate Investors

  1. Income-Centric Financing: DSCR loans assess the property's ability to generate income to cover debt obligations, offering a flexible financing option compared to traditional loans. This enables investors with solid investment prospects to secure financing based on the property's income potential, rather than solely on personal credit history.
  2. Tailored Solutions: DSCR loans offer investors tailored financing solutions, allowing for more flexible terms and potentially lower down payments. This flexibility empowers investors to structure deals in alignment with their investment objectives, maximizing returns.
  3. Risk Management: By evaluating the property's income potential, DSCR loans help mitigate risk for lenders, potentially resulting in more favorable rates and terms for investors. This risk management approach enables investors to confidently pursue opportunities in Tampa's real estate market.

Strategic Advantages of Investing in Tampa, Florida Real Estate

  1. Thriving Economy: Tampa boasts a robust economy, with key industries including healthcare, tourism, and finance. As a major economic center in Florida, Tampa offers investors a resilient real estate market with opportunities for growth and profitability.
  2. Waterfront Lifestyle: Tampa's proximity to the Gulf Coast provides residents with access to stunning beaches and waterfront amenities. Investing in Tampa real estate allows investors to appeal to tenants and buyers seeking a coastal lifestyle, driving demand for properties in desirable waterfront locations.
  3. Cultural Attractions: Tampa offers residents a vibrant cultural scene, with renowned attractions such as Busch Gardens, the Florida Aquarium, and the Tampa Riverwalk. Investing in Tampa real estate allows investors to appeal to tenants and buyers seeking a dynamic urban lifestyle with ample entertainment options.
DSCR loans provide a strategic advantage for real estate investors looking to capitalize on the diverse and dynamic Tampa real estate market. By leveraging the city's economic growth, waterfront lifestyle, and cultural attractions, investors can unlock the full potential of their investments and achieve substantial returns in the vibrant city of Tampa, Florida. Partner with us to explore your financing options and navigate success in Tampa real estate today!

Tampa Florida DSCR Loan frequently asked questions

How is DSCR Calculated in Tampa Florida?

How is DSCR calculated in Tampa Florida?

In Tampa Florida, 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 Tampa Florida?

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.

Submit your Tampa Florida loan request today

Start your DSCR Loan funding today

Ready to propel your Tampa Florida 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 Tampa Florida DSCR Loan in 60 Seconds

Begin the funding process by completing our short online form.