Do daycare DSCR loans require tax returns?+
In most cases no. We qualify on the lease or operating income of the daycare, not your tax returns.
Does the daycare need a tenant lease?+
A lease is the cleanest path. Owner-operated daycare with documented operating income can also work.
Can I get a 30 year fixed on a daycare?+
Yes. Terms typically run from 5 years to 30 years, including a 30 year fixed.
What DSCR do I need on a daycare loan?+
None under $500,000. At $500,000 and above, typical minimum DSCR is 0.9.
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 DSCR do I need?+
Loans under $500,000 do not need to debt service. There is no minimum DSCR. On loans of $500,000 or more, the typical minimum is 0.9. That means the rent only needs to cover about 90% of the payment, which often lets you take a larger loan and keep more cash after closing.
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.
Can I get a 30 year fixed commercial DSCR loan?+
Yes. A 30 year fixed is available, which is rare on commercial property. Most commercial loans are 5 or 10 years. Terms typically run from 5 years to 30 years.
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.
