We base our decision of the apartment cash flow of a 1.2x DSCR. We don't care about your personal income at all!
Common since underwriting that allow market rents in substitution for vacant units.
That's correct imagine financing your apartment building without providing any personal or business tax returns.
Our underwriting process doesn't get much easier than this. Purchase - Refinance - Cash out!
Realizing, there aren't many options when it comes to financing small balance apartment,
We specialize in Small Apartment loans under $1,000,000.
Finally a lender that gets it! - We focus on the properties ability to cash flow positively, not your personal income.
Most of our borrowers are self-managed, self-employed and we encourage your growth.
Yes! - We fund loans everyday into Limited Liability Corporations.
Refinance your apartment building for up to 75% after only 6 months of ownership.
Our underwriting process takes weeks, not months.
Direct Apartment Lenders is as the name implies, a Direct Lender for Apartment building in most areas of the country. We focus on small balance, stated income loans for investors in most areas of the United States. If there is a rental market, we will most likely be able to lend in your location. We work with borrowers with a combination decent credit worthiness and desire to manage investment properties. We make common sense underwriting decisions and focus on the properties ability to cash flow positively.
Stated Income loans are much faster than a bank. We are frequently granting written loan approvals within a day or so after applying. Closings typically occur within weeks not months. Because, no two loans are the same, Direct Apartment Lenders prices commercial refinance loans specifically to each transaction. Rates and terms are presented only after an opportunity has been thoroughly evaluated and researched. WE DO NOT COLLECT APPLICATION FEES!
Direct Apartment Lenders funds Stated Income financing for Multifamily Apartment Buildings, Investment SFR’s (1-4unit), NATIONWIDE,