We understand the challenges investors face in financing these unique properties.
ReRx's mixed-use property DSCR loans are crafted to meet the diverse needs of investors. Our range of programs allows flexibility in selecting the right solution for your unique project.
Consider James, who had his eyes set on a magnificent mansion. Traditional mortgages fell short, but he could access the funds to claim his dream residence with a jumbo loan.
With our expertise and fast closing times, ReRx is your strategic partner in unlocking the full potential of mixed-use investments.
Experience the Power of Amish and ReRx Unleash your potential in the world of mortgage banking. Join ReRx today, and let Amish guide you to financial greatness.
A DSCR loan for mixed-use properties is a financing solution based on the property's debt service coverage ratio (DSCR). This ratio ensures the property generates enough income to cover its mortgage payments and expenses, providing a secure foundation for mixed-use investments.
Qualifying for a mixed-use property DSCR loan involves demonstrating the property's DSCR meets a minimum requirement. Additionally, a down payment of at least 10% is necessary. Our experts can guide you through the process.
Absolutely. ReRx's mixed-use DSCR loans are versatile and cater to both residential and commercial components within the property. Our solutions are tailored to the diverse nature of mixed-use investments.
Documentation may include income verification, tax returns, and financial statements. Our experts will guide you through the process.
No, ReRx's commitment to flexibility extends to mixed-use DSCR loans. There are no prepayment penalties, giving you the freedom to pay off your loan early without additional charges.
ReRx understands the importance of timely approvals in the real estate industry. Our goal is to approve mixed-use DSCR loans swiftly, typically within 48 to 72 hours.