Unlock with Our No DSCR Loans
Irongate Lending offers bridge financing solutions tailored for recently renovated or constructed properties ready for sale. Our No DSCR loan program provides quick access to funds, allowing you to capitalize on your investment without the burden of traditional debt service coverage ratio requirements. We focus on speed and flexibility to meet your unique needs.
- Maximum Loan-To-Cost: Up to 85% of purchase price + verified completed capex.
- Maximum Loan-To-Value: 70% LTV.
- Minimum FICO: 660.
- Loan Amount: $50, 000 to $3, 000, 000.
- Eligible Properties: Single family, 2-4 unit, townhomes, PUD, warrantable condos.
Loan Exit Strategy
DSCR Loan Highlights
Our DSCR exit loan program at Irongate Lending is designed to provide bridge financing for properties that are currently rented or soon to be rented, but not yet ready for permanent financing. We offer up to 85% of the purchase price plus verified completed capex if the property was owned for less than 6 months, or 70% LTV. Minimum DSCR is 1.10 based on the lower of in-place rent and market rent.
