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West Forest Capital

West Palm Beach DSCR Loans

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If you you’re looking for a DSCR rental loan in West Palm Beach, we have you covered.

West Forest Capital is a leading West Palm Beach DSCR rental loan provider, financing real estate investments up to $3 million.

What is a DSCR Rental Loan?

  • A DSCR (Debt Service Coverage Ratio) rental loan is long term real estate financing – often up to 30 years
  • Personal income and personal credit are not significant factors in the underwriting
  • The loan is based off the property value, and the income it generates
  • Fast closing, can be done within 2-3 weeks

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(Investment Properties Only)

Property Types

Lending Parameters

Loan Size$100,000 - $3,000,000
Loan to ValueUp to 80%
Primary ResidenceNot accepted
Rental statusRented preferred but not required (can use market rents)
TermUp to 30 years
FormatFixed or Variable available
RateVaries by product, correlation with Treasury Rates
PointsTypically 2%

Counties Covered

West Forest Capital lends in the following counties in Florida:

  • Brevard
  • Broward
  • Charlotte
  • Collier
  • Duval
  • Flagler
  • Hillsborough
  • Indian River
  • Jackson
  • Lee
  • Martin
  • Miami-Dade
  • Orange
  • Osceola
  • Palm Beach
  • Pinellas
  • Polk
  • Sarasota
  • Seminole
  • St. Lucie
  • Volusia
  • And Many more!

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Why Use a West Palm Beach DSCR Rental Loan

  1. If you own your own business. Business owners have many expenses and unpredictable income.  Your business might have significant income, but you personally might not.  Since a DSCR loan does not require personal income, it’s ideal for business owners.
  2. If you have imperfect credit. To qualify for a DSCR rental loan, the underlying customer metrics, such as FICO score, are less important than the actual asset – your rental property.  Typically, if your FICO is in the mid-600s or above, we can work with you.
  3. Fast approval process. DSCR rental loans have a much faster approval process (2-3 weeks) than traditional loans, allowing investors to secure financing quickly and take advantage of investment opportunities as they arise.
  4. Flexible Repayment Terms. DSCR rental loans come with flexible repayment terms. This can be especially beneficial for investors who have multiple rental properties and need to manage their cash flow effectively.  Examples of options are 30 year fixed rate or a 5/1 ARM (which simply means the rate is fixed for 5 years and then resets every year going forward; there are also 7/1 ARMs, and so on).
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Why Choose a West Palm Beach DSCR Rental Loan

Real Estate investing in the West Palm Beach area allows you not only to benefit from the continued and proven appreciation since the late 1990s (while depreciating your asset for accounting purposes), but to also collect a steady rental stream at the same time. Besides location, another key metric of real estate success is how well you finance your investment. That is because your financing terms will determine how much down payment is required (how much leverage you can obtain on your money), and your interest rate will determine your cashflow. The most efficient way to get financing for a rental property is by using a DSCR rental loan.

A West Palm Beach DSCR rental loan streamlines property financing, bypassing the complexities often associated with traditional bank loans. Unlock the advantage of securing long-term financing for up to 30 years at favorable rates, a distinguishing feature when compared to banks which offer shorter duration loans for their lowest rates. Our loan options are just what you need when you have a stabilized rental property in West Palm beach in need of financing.

Particularly over the last decade, West Palm Beach has experienced a tremendous amount of growth and capital investment by the city, making it a dynamic and vibrant town with very high rental demand from new residents. Areas like Clematis Street and Rosemary Square have transformed into fun and hip social gathering places around which people want to live. Additionally, real estate investors have recognized the potential in neighborhoods like Downtown West Palm Beach, Northwood Village, Flamingo Park, and the Northwest, pouring extensive investments into these areas and driving commercial activity. Additionally, the demand from renters has substantially increased rental rates in the Grandview Heights, Roosevelt Estates, and Southwest neighborhoods. By strategically investing in these thriving areas, you can achieve consistent returns on rental income and take advantage of the rising property valuations. Our DSCR rental loans are designed to help you maximize your capital by offering market leading rates while minimizing re-financing risks.

West Palm Beach’s economy is growing, and its population is on the rise. The limited supply of new housing options has driven up demand for rentals, making the city an attractive destination for locals, commuting professionals, and an influx of new residents. This mix of residents, and associated incomes, ensures a stable economic and renter base. Our DSCR rental loans take into account the increased rents in the area and higher property values, enabling us to offer the highest loan-to-value (LTV) and most competitive loan pricing available.

Rental Loan in West Palm Beach

Getting a DSCR Rental Loan in West Palm Beach

The DSCR Rental Loan process in West Palm Beach is seamless and hassle-free, far more straightforward than dealing with a traditional bank. Instead of underwriting the borrower, we prioritize the property, taking into account its value, rent collections, and expenses. Our focus is solely on ensuring that the property cashflow can support our loan, making the process efficient and straightforward. The ultimate goal is to simplify your financing, providing you with the funds you need without unnecessary hassles. With a typical loan approval period of just two to three weeks, you can expect an easy experience, enabling you to focus on the core business of real estate ownership and management.
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Asset Based Lender Providing DSCR Rental Loans in West Palm Beach

As a specialized asset-based lender, we focus on financing your West Palm Beach real estate investments using the property itself as the primary consideration. We do not put much emphasis on your personal income or your FICO score. If the property rents minus expenses are greater than the loan debt service, and your credit score is above 650, you can count on us for financing solutions. We are determined to be your steadfast partner in facilitating the growth of your rental property portfolio!

Our tailored DSCR rental loan program for West Palm Beach is designed to bolster your real estate investment success. Reach out to us today, and we’ll guide you through all the details in a no-pressure setting, offering a reliable loan offer that aligns with your goals and aspirations. Let us be the key that unlocks your real estate wins in the vibrant and promising city of West Palm Beach.


Also known as a Debt Service Coverage Ratio loan, a DSCR loan is a type of real estate mortage loan that can be used to purchase or refinance a property. They differ from a traditional mortgage loans in two primary ways:

They are intended for investment properties only and they are based on the value and rental income potential of the property rather than the income of the borrower.

You are typically eligible for a DSCR loan if the below conditions are met:

  • The property is a condo, single-family residence, a duplex, triplex, quadplex, or multi-family
  • Investment property, cannot be primary residence
  • The property does not require rehab
  • The property is an LLC rather than a personal name (can be transferred to an LLC upon closing)
  • Insurance and taxes are up to date

Since DSCR loans are primarily lent on the asset rather than the borrower’s credit or income, FICO requirements are limited.  Typically, a score above 660 will work.

Additionally, since the property must be able to be able to produce income, vacant land, or primary residences are not permitted.

The minimum DSCR ratio requirement is typically 1.1x. DSCR ratios are calculated by dividing the Net Operating Income (NOI) by the Property Debt Service. The NOI is equal to the total rent minus taxes and insurance, while the Debt Service is equal to the mortage payment (principal plus interest).

DSCR loans make it possible for borrowers with non-W2 income and other non-traditional income sources to receive a loan to purchase real estate since they are based on the value of the property and the property’s ability to generate rental income and cashflow. As mentioned, these types of loans are not based on personal income, making the borrower’s income irrelevant.

There are several benefits which make DSCR loans superior to bank loans or other real estate financing products.  First, DSCR loans make it possible for borrowers with non-traditional forms of income to obtain a mortgage. Second, even if you can satisfy a bank’s requirements for income, DSCR loans allow borrowers with credit issues to secure a mortgage.  Finally, DSCR loans are simply much faster to get – they can be approved within as little as two weeks, a significantly shorter amount of time than a traditional mortgage loan.

The most common misconception about DSCR loans is that borrowers assume the qualification terms are the same for these types of loans as they are for traditional mortgage loans. But this is incorrect. Unlike mortgage loans, DSCR loans do not have any income requirements, and much fewer credit requirements. This makes it more likely for borrowers to receive funding for real estate properties that they otherwise would not qualify for.

One potential drawback to a DSCR loan can be the down payment requirement upon purchase, which can sometimes be close to 20 or 25% of the purchase price. A second drawback is that the mortgage rates tend to be a bit higher than traditional mortgage loans.  And finally, unlike traditional mortgage loans, DSCR loans are usually provided by smaller lending companies, so it’s important to understand the loan and be comfortable with the company providing it.

A lender evaluates the borrower’s ability to repay a DSCR loan based on the property’s DSCR ratio. As mentioned earlier, this metric takes into account the property’s NOI (Net Operating Income) and the total debt service.

The NOI is the income amount expected to be generated by a property after all operating expenses have been deducted (utilities, maintenance on the property, management fees, etc.).

The total debt service includes both the principal amount and interest payments due on the loan.

When both are taken into consideration, the ratio often needs to be at least 1.1x to show lenders that the borrower will have enough cash flow coming from the property to make the mortgage payments on the loan.

Borrowers can improve their chances of getting approved for a DSCR loan by having cash on hand to cover the down payment amount in the event of a purchase (which can be close to 20-25% of the purchase price).  (It’s worthwhile to note that borrowers don’t need to come up with a down payment when refinancing into a DSCR loan).  They also can improve their chances of being approved by having the property held in an LLC, rather than in the borrower’s name. The type of property and its use will matter as well – investment properties such as condos, single-family residences, multi-family homes, and some commercial properties will likely be easier to approve than land, primary residences, or properties for industrial use.

Borrowers can use a DSCR loan to expand their business by purchasing their first rental property and additional rental properties thereafter.   In fact, when using DSCR loans, there is no limit on the number of properties that can be acquired, so long as each property is able to produce cash flow with an acceptable DSCR ratio (typically 1.1x or more).  Before applying for a loan, borrowers should have enough cash to cover the down payment on the property.  They should also evaluate the costs associated with each rental purchase, including utility fees, any potential HOA costs, management fees, and maintenance expenses.   These costs, plus the mortgage payment should be compared against the actual or potential rents to make sure there is sufficient coverage.  In the event of refinancing, a DSCR loan can also be used.  In this case, the borrower should make sure that the maximum loan amount can be covered by the same calculation.

West Forest Capital is the fastest DSCR Loans Lender in West Palm Beach

West Palm Beach DSCR Loans Loan Lender

We fund DSCR Loans in 2-3 weeks.
Commercial and industrial loans are funded in two weeks.

If you are looking for a West Palm Beach DSCR Loans Lender, give us a call.

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