Our Rental Loan, a premier DSCR Loan option, is designed specifically for income-generating investment properties. Whether you’re acquiring new assets for your portfolio or seeking to refinance and extract equity, our financing solutions are tailored to meet your needs. As a frontrunner in financing for short-term rental properties, including those utilized for Airbnb, VRBO, or as vacation homes, we offer highly competitive and adaptable terms to facilitate your transactions. Our DSCR Financing Program caters to all investors, from novices making their initial foray into the market to seasoned professionals aiming to swiftly enlarge their holdings. We are committed to providing you with an optimal loan through a process that is fast, effective, and straightforward.

The most common hard money loan requirements:

• Loan Amounts: $75K – $3.5M (Blanket Portfolio Loans up to $5M)

• Rates: Starting at 6.750%

• Geography: Nationwide (except Nevada, North Dakota, South Dakota)

• Property Type: single-family rental (SFR), PUDs, 2-4 units, rental condos or rental portfolios

• Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs

• Loan Structure: 30-Year Fixed Rate Mortgage Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed

• LTVs: Up to 80% (Acquisitions/Rate-Term Refinances), 75% (Cash-Out Refinances)

• DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)

• DSCR: 0.75x minimum

• Credit Score: 660 minimum

• Fees & Deposits: 1-3% Closing Fee, Underwriting Fee. 
• Prepay Penalties: No prepayment penalty after year 3

Sky Financing has the investor’s interests in mind. The real estate investment opportunity and the loan will be clearly defined from the start and we will be with you from the beginning till the end.