Do assisted living DSCR loans require tax returns?+
In most cases no. We qualify on the property income, not your personal tax returns.
Can I get a DSCR loan on residential assisted living?+
Yes. Most DSCR programs exclude assisted living. We allow 1 to 4 unit residential assisted living as a core fit, and larger homes case by case.
What DSCR do I need on an assisted living loan?+
None, in most cases. That is one reason operators come here when other DSCR programs will not finance assisted living.
How many units can an assisted living DSCR loan cover?+
1 to 4 units is the core of the program. Over four units is considered case by case. Larger homes can still get long-term financing, though they are often not on a 30 year amortization.
Can assisted living DSCR fund renovation?+
No. This program cannot fund renovation. Stabilized, income-producing residential assisted living is the fit. Renovation or lease-up may need a bridge loan first.
Is purchase, refinance, and cash out available?+
Yes. Purchase, rate-and-term refinance, and cash-out refinance are all available. Maximum LTV is typically 75%.
Can I get a 30 year fixed on assisted living?+
On 1 to 4 unit homes, often yes. Larger homes are case by case and often not on a 30 year amortization, but long-term financing is still available.
What is the max LTV on assisted living DSCR?+
Typically 75% LTV, including purchase, refinance, and cash out.
Is commercial DSCR available for purchase?+
Yes. You can buy a leased-up commercial or income property with commercial DSCR. Typical loan size is $200,000 to $5,000,000+. Max LTV is usually 70% on most property types, or 75% on mixed use and multifamily.
Can I do a rate and term refinance with commercial DSCR?+
Yes. Rate-and-term refinance is available alongside purchase and cash-out refinance. Terms typically run 5 to 30 years, including a 30 year fixed, which is rare on commercial.
What is the maximum cash out LTV on commercial DSCR?+
Typically 70% LTV on retail, office, warehouse, daycare, self storage, and automotive. Mixed use, multifamily, and assisted living are typically 75%.
What is the minimum credit score for commercial DSCR?+
Typical minimum FICO is 650. If credit is below 650, we can often still do the loan, usually capped at 50% LTV.
Can I get a commercial DSCR loan with a credit score below 650?+
Often yes. Below 650 FICO, the loan is typically capped at 50% LTV. At 650 and above, max LTV is typically 70% on most commercial property types, or 75% on mixed use and multifamily.
Where does Capituro offer commercial DSCR?+
In 35 states, including Florida, Texas, Georgia, Tennessee, Colorado, Pennsylvania, Illinois, Washington, Montana, Ohio, Virginia, and more. Eligible property includes retail, office, warehouse, daycare, self storage, mixed use, automotive, light industrial, and assisted living. Send the address and we will confirm whether your market and building fit.
Can Capituro do a commercial cash-out refinance in my area?+
Usually yes when the property is in one of the 35 states we close in: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Within those states, the only areas that are typically restricted are very rural markets. Cash-out is available on Commercial DSCR when leases, occupancy, NOI, and leverage support the request. Typical max LTV is 70% on most commercial types, or 75% on mixed use and multifamily.
