DSCR FROM 5.45%BRIDGE FROM 8.25%TERM SHEETS IN 24HLENDING IN 42 STATES
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DSCR loans that close on the rent, not your returns.
Thirty-year financing for rental property, qualified on the property's cash flow. No tax returns, no W-2s, no DTI — term sheet in 24 hours, close in ten days.
PROGRAM TERMS
Loan amounts$200K – $10M
Rates from5.45%
Max LTV80% purchase · 75% cash-out
Terms30-yr fixed · ARM · I/O
Min credit / DSCR660 · 1.00 (lower case-by-case)
VestingLLC, corp, or individual
RECENTLY FUNDED
$487KNASHVILLE, TN
75% LTV · 1.18 DSCR
75% LTV · 1.18 DSCR
$910KDESTIN, FL
70% LTV · Airbnb income
70% LTV · Airbnb income
$2.1MCHARLOTTE, NC
11 doors, one note
11 doors, one note
Built for the way investors actually buy
Four ways the same 30-year loan gets used — pick the shape that matches the deal.
01
Purchase
Close in your LLC with 20% down, qualified on market rent from day one — leased or not.
02
Cash-out refi
Pull equity to 75% LTV for the next acquisition. The BRRRR exit, without the bank.
03
Short-term rental
Airbnb & VRBO underwritten on 12-month host history or AirDNA projections — not long-term comps.
04
Portfolio
Blanket 2–20 doors on one note, one payment — with partial-release provisions when you sell.
THE ONLY FORMULA IN THE FILE
Rent
PITIA
=
DSCR
At 1.00 the rent carries the payment. Above 1.25 you're in the best pricing tier. PITIA = principal, interest, taxes, insurance, association dues.
What we look at — and what we don't
IN THE FILE
- Property rent & expenses
- Credit score
- Down payment & reserves
- Entity docs
NEVER ASKED
- Tax returns
- W-2s or paystubs
- Employment verification
- Personal DTI
What to have ready
THE STANDARD DSCR FILE · PDF OR PHONE PHOTO IS FINE
TO QUOTE — DAY 0
No documents. Just the deal facts — a written term sheet comes back in 24 hours.
Property address
Monthly rent — actual lease or market estimate
Purchase price or estimated value
Target loan amount
Ballpark credit score
Start the 60-second fileTO CLOSE — DAYS 1–10
Upload as you go — returning this set inside 48 hours is what keeps day ten on the calendar.
Lease agreement — or STR: 12-month host statement / AirDNA report
Entity documents — articles, operating agreement, EIN letter
Two months of bank statements — down payment plus 3–6 months reserves
Government-issued ID — for each guarantor
Purchase contract or payoff statement — purchase vs. refinance
Insurance binder — landlord policy with lender as mortgagee
Title / escrow contact — we take it from there — appraisal is ordered day one
EVERY TERM SHEET SHIPS WITH A FILE-SPECIFIC CHECKLIST — THIS IS THE STANDARD SET.
The fine print, upfront
The questions underwriters actually get asked — answered before you ask them.
Cash-out seasoning6 months on title — waived entirely when you refinance out of a Silt bridge or flip loan
Reserves3–6 months PITIA; retirement accounts count at 60%
Prepay structures5-4-3-2-1 standard; shorter or none, priced on the sheet
AppraisalsTransfers accepted when current — no double-paying
Gift fundsAllowed above a 10% own-funds contribution
First-time investorsWelcome at 680+; pricing reflects experience honestly
THE PROPERTY BOX
Single-family & townhomes
2–4 unit
Warrantable & non-warrantable condos
PUDs
2–4 unit
Warrantable & non-warrantable condos
PUDs
From the closing log
CLOSED · DSCR CASH-OUT · NASHVILLE, TN
$487K
75% LTV · 1.18 DSCR · 30-yr fixed
CLOSED · STR PURCHASE · DESTIN, FL
$890K
70% LTV · 12-mo host history · 30-yr fixed
CLOSED · PORTFOLIO BLANKET · CHARLOTTE, NC
$2.1M
11 doors · one note · partial releases
Common questions
The property is vacant — can I still qualify?+
Yes. Purchases qualify on market rent from the appraisal’s rent schedule (Form 1007), leased or not. Refinances of vacant units price at slightly lower leverage.
When does my rate lock?+
At the signed term sheet. The number on the sheet is the number at the table — repricing mid-file is the thing Silt was built not to do.
How does Airbnb income count?+
Twelve months of host history when you have it, market STR data when you don’t. Full detail in our STR income guide.
Can I blanket several rentals into one loan?+
Yes — 2–20 doors on one note with one payment, and partial-release provisions when you sell a property out of the pool.
What if the DSCR comes in under 1.00?+
Two levers: more equity (lower LTV) or a rate buy-down. Files between 0.90 and 1.00 are case-by-case, not auto-declines.
RECENTLY FUNDED
What closing here actually looks like
$140M+
Funded
42
States
68%
Repeat borrowers
CLOSED · DSCR CASH-OUT · NASHVILLE, TN
$487K
75% LTV · 1.18 DSCR
CLOSED · STR PURCHASE · DESTIN, FL
$910K
70% LTV · Airbnb income
CLOSED · DSCR PORTFOLIO · CHARLOTTE, NC
$2.1M
11 doors, one note
“Rate held from the term sheet all the way to the table. That alone puts them ahead of the last three lenders I used.”
Repeat borrower · 6 doors financed · Nashville, TN
PHOTOS: BINYAMIN MELLISH (PEXELS) · FLORIAN SCHMIDINGER (UNSPLASH) · PEXELS
Questions we get on DSCR
ANSWERED BEFORE YOU HAVE TO ASKDo you look at my income or tax returns?
No. A DSCR loan qualifies on the property’s rent against its payment — principal, interest, taxes, insurance and any association dues. There is no debt-to-income test, no W-2s, no employment verification and no tax returns at any point in the file.
Can I close in an LLC?
You have to. Every Silt loan closes in an LLC or corporation — never a personal name. If you don’t have one yet, form it while we underwrite; it doesn’t hold up pricing or a term sheet.
What if the property is vacant?
Still fine. We use market rent from the appraiser’s rent survey rather than an in-place lease. A signed lease helps at the margin, but a vacant rent-ready property is a normal DSCR file.
How long do I have to own it before a cash-out?
Six months on title is the standard seasoning. If you bought it cash and completed a documented renovation, we can often work off the new appraised value sooner — send the invoices.
Do you pull credit just to give me a rate?
No. Send the address, the rent and a rough credit band and you get a written quote. Credit is only pulled once you want to move to a term sheet, and it sets your tier — nothing else.
Is there a limit on how many properties I can finance?
No. Agency lenders cap you at ten financed properties; we count the rent roll and the sponsor instead. This is the most common reason experienced investors move to us.
Something not covered here is usually a five-minute call, not a rejection. The full boxes are on the guidelines page.
Price a DSCR deal in 60 seconds
Address, rent, and rough credit — a written term sheet comes back within 24 hours.
Get My Term Sheet