DSCR up to 8 units in Santa Monica, CA

DSCR loan in Santa Monica, CA is based on the property's cash flow without the borrower's income verification.

DSCR stands for “long-term debt service coverage ratio.” These loans are for real estate investors who wish to grow their property portfolio in Santa Monica, CA, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Santa Monica, CA

  • Property types: residential 1-8 units
  • Loan amounts from $75,000
  • 80% LTV purchase/75% Cashout
  • 30-year fixed or 5/7/10 ARM (I/O)
  • Rates from 6.5%
  • Minimum FICO 660
  • No income verification
  • Low fees and costs

Buy-and-hold investors in Santa Monica, CA can be assured that by working with Horizon Lending Services, we will always provide the best opportunities at the best possible rates.

If you are looking at a single-family home, condo, townhome, or multiplex, our Santa Monica, CA real estate investors have you covered.

Investment Opportunities in Santa Monica, CA

Benefits of DSCR Loan in Santa Monica, California

DSCR (Debt Service Coverage Ratio) loans are an attractive financing option in Santa Monica due to their low interest rates and flexible terms. Businesses and real estate investors benefit from the ability to secure larger loan amounts compared to traditional mortgages.

Located in Los Angeles County, Santa Monica has a diverse population with a median household income significantly above the national average. The city is known for its strong job market, particularly in the technology, entertainment, and healthcare industries, making it an ideal location for businesses seeking growth opportunities.

The housing market in Santa Monica is highly competitive, with a mix of upscale beachfront properties and trendy urban condos. The median home price is above the California average, reflecting the city's desirability among affluent residents and investors. DSCR loans provide the necessary financial support for individuals looking to purchase or refinance properties in this exclusive market.

Santa Monica boasts a variety of attractions, including the iconic Santa Monica Pier, Third Street Promenade, and beautiful beaches. The city offers a vibrant cultural scene, upscale shopping options, and a thriving culinary landscape, making it a popular destination for tourists and locals alike.

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