A loan underwritten on the property’s debt-service coverage ratio — whether the rent covers the payment — instead of the owner’s income documents. If the property earns, the property qualifies.

Do you need my tax returns or W-2?

No. DSCR underwriting looks at the property’s rent and expenses, not your tax returns — which is the point for investors whose returns understate what the portfolio actually produces.

Can I close in an LLC?

Yes — closing in an LLC or trust is the standard case, not an exception, and it keeps the debt off personal credit reports.

Is there a prepayment penalty?

Usually, yes — most DSCR loans carry a step-down prepayment structure for the first several years. We show it up front and match the structure to your intended hold period rather than letting it surprise you at payoff.

What if the property doesn’t cover 1.0x?

Sub-1.0 and no-ratio programs exist, priced as the exception they are. Often the better answer is a bridge to fund the reposition, then a DSCR refinance once the rents support it — we run both paths for you.

Do short-term rentals qualify?

Yes — programs exist that underwrite documented projected short-term-rental income, not just long-term leases.

Why is this a business loan?

Because the property is held by an entity for investment purposes, not occupied as anyone’s home. Non-owner-occupied rental property is business-purpose credit under federal lending rules — never financing for personal, family, or household use.

Lucaria · Products · Investment Property Loans

$1M – $40M

Investment Property Loans

Long-term financing for entity-held rental and investment residential — underwritten on the property’s own rent coverage (DSCR), not the owner’s tax returns. Single assets to full portfolios.

Depending on your state and deal structure, this may be placed through a licensed affiliate in that state.

Read the free guides first

A small apartment building held in an investor’s LLC, stabilized and cash-flowing. — The property qualifies — not the W-2.

Who it’s for

Investors whose tax returns understate what their properties actually earn.
Operators scaling past the point where banks cap the number of financed properties.
Owners pulling equity out of stabilized rentals — including short-term rentals underwritten on projected income.

Why Lucaria

The property qualifies — rent coverage does the underwriting, not your W-2.
Close in your LLC or trust as standard practice, and keep the debt off personal credit reports.
30- and 40-year fixed and interest-only structures, with no cap on how many doors you finance.

Market bands, told straight

Honest numbers

DSCR lending is a mature market with published shapes. The honest bands:

Loan-to-value: up to 80% on purchase · up to 75% on cash-out refinance
Coverage floor: 1.0x is the common threshold — best pricing typically at 1.25x+
Terms: 30- and 40-year fixed, with interest-only options
Cash-out: no seasoning requirement in many programs
Timeline: 2–4 weeks to close

Market bands, not a quote — leverage and pricing move with coverage, property type, and market. Sub-1.0 coverage is financeable, but priced as the exception it is.

How we structure it

Structured for the entity, not the individual

We are experienced in structuring credit for the entities our clients actually use — LLCs, trusts, partnerships, and holding companies. The loan fits how investors actually hold property.

Title vested in your LLC, partnership, or trust — no exception committee required
Portfolio loans that wrap multiple properties into one facility
Short-term rentals underwritten on documented projected income
Sub-1.0 coverage and no-ratio programs when the plan is reposition-then-refinance
Depending on your state and deal structure, RE-secured transactions are handled through our licensed affiliate

The honest read

Why banks say no — and why that isn’t the end

Bank underwriting reads depreciation as lost income — a profitable portfolio can look broke on a tax return.
Most banks cap the number of financed properties long before a serious investor stops buying.
Cash-out on a recently improved property trips seasoning rules that DSCR programs simply don’t have.

Common questions