"Silver Hill Funding: Empowering Investors with DSCR Loans for Profitable Ventures!"
Get competitive rates for your 1-4 unit properties.
"Silver Hill Funding Leads the Way in Debt Service Coverage Ratio Property Loans: 2023 Review"
When it comes to selecting the right commercial property loan provider for Debt Service Coverage Ratio (DSCR) loans, the options can be overwhelming. To help you make an informed decision, we have conducted thorough research and are delighted to present our top recommendation for DSCR commercial property loans.
Pricing will not impact your credit.
Instead of the standard Debt-to-Income (DTI) test, Silver Hill Funding performs a DSCR-based underwrite and qualify income based on the property’s cash flows.
Introduction: Silver Hill Funding 1-4 Unit DSCR Loan Review
Why review the Silver Hill Funding DSCR Loan necessary?
This review was created to provide information and insights specifically tailored for investors and business owners who can benefit from a dscr property loan from Silver Hill Funding. It aims to highlight the benefits of partnering with Silver Hill Funding, showcase the features and advantages of their loan products, and offer guidance and resources related to the loan review processes. This page serves as a valuable tool for both business owners and investors to gain a comprehensive understanding of Silver Hill Funding’s dscr loan offerings, evaluate the suitability of this loan type for their business and investing needs. It provides potential applicants with the necessary information and criteria to effectively review and decide if Silver Hill Funding’s DSCR loan product should be considered, enhancing their ability to make informed decisions and began the loan process.
About Silver Hill Funding
Silver Hill Funding is a leading commercial mortgage lender that specializes in providing flexible and innovative financing solutions.
Silver Hill Funding is dedicated to helping borrowers achieve their commercial real estate financing goals. With a focus on providing tailored solutions and exceptional customer service, they strive to make the lending process streamlined and efficient.
The company takes pride in its experienced team of professionals who possess in-depth knowledge of the industry and a keen understanding of borrowers’ needs. They work closely with brokers and borrowers to deliver customized financing options that align with specific requirements and objectives.
Silver Hill Funding stands out for its extensive product offerings, including commercial mortgages, small-balance commercial loans, and stated-income programs. They cater to various property types, such as multifamily residences, retail properties, office buildings, and more.
Silver Hill Funding is known for its commitment to transparency, integrity, and reliability. They prioritize open communication, prompt responses, and personalized service throughout the loan process. By fostering strong relationships, they aim to create long-term partnerships built on trust and mutual success.
Why are Silver Hill Funding’s DSCR Loans so important to consider?
Silver Hill Funding’s DSCR (Debt Service Coverage Ratio) loan products are immensely important because they help borrowers. They assess a borrower’s ability to repay debt by evaluating their cash flow and ensuring it can cover loan payments. By considering the DSCR, Silver Hill Funding can mitigate the risk of default and tailor financing solutions that align with borrowers’ unique financial circumstances, including non-traditional income sources. Their DSCR loan products also support commercial real estate investments by enabling borrowers to secure financing for various property types. These products emphasize cash flow analysis, encouraging borrowers to make informed decisions and ensuring the financial viability of their investments. Overall, these DSCR loan products play a vital role in evaluating repayment capacity, managing risk, and facilitating tailored financing options in the commercial lending market.
A Silver Hill Funding Debt Service Coverage Ratio (DSCR) loan makes sense in several situations:
- When the borrower does not pass the standard Debt-to-Income (DTI) calculation.
- When the borrower prefers not to produce tax returns as part of the loan application process.
- When the borrower does not want to rely on their personal income for loan qualification.
- When the borrower owns more properties than what Agency programs allow.
An advantage of DSCR-based underwriting is that it replaces the standard DTI test and evaluates income based on the property’s cash flows. This alternative underwriting approach expands the range of eligible property types for clients, including 1-4 unit attached/detached properties, short-term rentals (such as Airbnb), warrantable and non-warrantable condos, and planned unit developments (PUDs).
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Silver Hill Funding offers Two DSCR Loan Products
Standard DSCR Loan 1-4 Unit Properties
The DSCR Program Overview includes the following key details:
- Loan sizes range from $100,000 to $2,000,000.
- Suitable for various purposes such as purchase, refinance, and cash-outs.
- Offers a 30-year fixed loan term with amortization options up to 30 years.
- Allows loan-to-value (LTV) ratios of up to 80%.
- Requires a minimum FICO score of 620.
- Considers a DSCR ratio of 0.75x for income qualification.
- Does not mandate tax returns as documentation.
Credit 700 or better? You can get:
- lower minimum loan amount
- reduced interest rate
- no geographic LTV caps
- reduced closing fees
- approved with no tax returns required.
An advantage of Silver Hill Fundings DSCR-based underwriting is that it replaces the standard DTI test and evaluates income based on the property’s cash flows. This alternative underwriting approach expands the range of eligible property types for clients, including 1-4 unit attached/detached properties, short-term rentals (such as Airbnb), warrantable and non-warrantable condos, and planned unit developments (PUDs).
Real Customer Success Story
Below, take an inside look at the various scenarios that Silver Hill Funding encounter daily. Gain valuable insights into the seamless processes and exceptional support that awaits you. Bringing your transaction to Silver Hill, you’ll discover how easy it is to work with an established alternative lender.
Closed Loan in Davenport, FL Single Family, Purchase in the amount of $502,500 with an LTV of 75% on a 30-Year Fixed loan.
The borrower’s story: This seasoned investor was looking to buy another single-family investment property in Davenport, Florida, but wanted to avoid traditional lenders because of their strict documentation requirements with tax returns and income tests. That’s where Silver Hill was able to help.
Thanks to their DSCR-based alternative solution, they were able to perform a commercial underwrite and examine the property’s cash flow instead of the borrower’s personal income, allowing the borrower to easily qualify for a loan and secure a purchase with a 30-Year Fixed rate term.
Closed Loan in Upper Saddle River, NJ Single Family, Purchase in the amount of $1,425,000 with an LTV 75% on a 30-Year-Fixed loan.
The borrower’s story: This investor wanted to purchase a large single family home as a long-term investment property in Upper Saddle River, New York, but they needed more flexibility than a bank was willing to provide.
With Silver Hill’s DSCR Program, they were able to secure a longer loan term (30-Year Fixed) without providing tax return documentation.
When does this program make sense for investors?
- You borrower needs more flexibility than traditional lenders can offer.
- You borrower has a smaller loan request than other lenders are willing to accept.
- You prefer not to submit tax return documentation.
Review Conclusion
In conclusion, Silver Hill Funding stands as a trusted and innovative lending partner, offering tailored financing solutions and remarkable opportunities. Their commitment to transparency, integrity, and personalized service has earned them the loyalty of countless clients who have experienced the ease and success of working with them. Now, it’s your turn to unlock the full potential of your commercial and Single Family/2-4-unit investments.
You must be referred by an approved referrer. Reficashoutconnect.com is a referral partner. Take the next step towards a rewarding lending journey by submitting an inquiry to get your deal priced by Silver Hill Funding. Our expert team is ready to provide you with a prompt and competitive pricing offer, ensuring that your clients’ financing needs are met with efficiency and excellence. Join us in transforming your lending experience today and witness the possibilities that await when you choose Silver Hill Funding as your trusted lending partner. We look forward to working together to achieve remarkable success in your future lending ventures. Submit your inquiry now and let’s embark on this exciting journey together!
Instead of the standard Debt-to-Income (DTI) test, Silver Hill Funding performs a DSCR-based underwrite and qualify income based on the property’s cash flows.
“Disclaimer: RefiCashOutConnect.com is a trusted referral site connecting you with Silver Hill Funding. We may receive a referral fee for closed transactions. Get your loan priced today for seamless financing and access to top loan options through Silver Hill Funding!”
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