Bronx, NY — $595,744 DSCR Loan on a Single-Family Rental
A $595,744 30-year DSCR loan at 75% LTV that financed a Bronx single-family rental on the property’s cash flow — no tax returns, no DTI limits.
$595,744
Loan Amount:
LTV %:
75%
Bronx
City:
Single-Family Residence (SFR)
Property Type:
Purchase
Transaction Type:
An investor set out to add a Bronx single-family rental to their portfolio. Conventional financing would have meant tax returns, personal income documentation, and debt-to-income limits that slow investors down and cap how many properties they can hold.
Essencap qualified the loan on the property’s rental cash flow rather than the borrower’s personal income — a 30-year fixed-rate Debt Service Coverage Ratio (DSCR) loan at 75% loan-to-value for $595,744, closed in the borrower’s entity to keep the investment separate from personal assets.
The purchase closed as a long-term hold, giving the investor a financed rental and room to keep scaling without personal-income limits getting in the way.
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