Eight anonymized files we've closed — exact loan amounts, rates, DSCRs, and the underwriting challenges we solved. Borrower names and addresses changed; everything else is real.
Borrower used the proceeds to fund acquisitions in Tampa and Memphis — DSCR cash-out at 75% LTV with a non-CEMA structure.
The challenge: NY Mortgage Recording Tax of 2.05% would have added $49K to closing if we restructured around a CEMA. The existing mortgage was on a private note (not a recordable instrument) which meant CEMA wasn't viable. Borrower wanted maximum cash-out proceeds and was willing to absorb the MRT.
What we did: Shopped 6 wholesale lenders. Final pricing came back from a non-QM securitizer at 7.250% (vs initial 7.625% indication). Coordinated title 30 days ahead to manage NY's slow recording process.
Investor needed to put in a non-contingent offer to win a Manhattan Beach property in a 5-bid situation. 14-day close required — DSCR was off the table on timing alone.
The challenge: Seller had 5 offers, all contingent on financing except one cash bid. Our borrower needed financing but couldn't be the contingent offer. 14-day close window left no time for a conventional DSCR (28-day minimum).
What we did: Routed to our CA jumbo bridge program. Appraisal ordered same day as ratified contract; underwriting on liquid assets only (no DSCR test); title cleared in 9 days.
Canadian citizen, no US credit history, no ITIN, buying first US Airbnb. Closed under a Canadian ULC structure using AirDNA projections.
The challenge: Canadian borrower with no US presence, no ITIN, no US credit, no rental history. Most lenders we approached either required an ITIN application (45+ day delay) or used LTR comps (which killed DSCR).
What we did: Placed with a wholesale lender that accepts Canadian Equifax credit and uses 75% of AirDNA projected gross. Coordinated with borrower's Toronto cross-border CPA on the Canadian ULC formation for proper US tax flow-through.
Investor wanted 80% LTV on a 7-unit building. Most lenders cap at 4 units; the few that don't quoted 70-75%. We got to 75% through a niche wholesale partner.
The challenge: 5+ unit multifamily falls outside the standard residential DSCR program. Most lenders we approached either capped at 4 units, quoted commercial-style underwriting (DCR not DSCR), or wanted 65-70% LTV.
What we did: Placed with a wholesale lender that runs a small-balance multifamily DSCR program (5-12 units, max $3M loan amount). Kept residential DSCR underwriting (per-unit rent comps via 1007) but allowed the property type.
CA duplex where market rent didn't cover PITIA. Standard DSCR was a no. No-ratio program closed it at 70% LTV.
The challenge: CA coastal market where the rent-vs-PITIA math doesn't work. Conventional DSCR lenders auto-deny anything below 0.75. Borrower's thesis was appreciation + future rent growth, not day-one cash flow.
What we did: Placed via our no-ratio DSCR program — skips the rent test entirely, qualifies on credit + reserves + property. Rate runs ~0.50% above standard DSCR, LTV capped at 70%.
Texas investor bought a $97K REO with hard money, rehabbed in 11 weeks, refinanced via DSCR cash-out for 100% of all-in cost recovery.
The challenge: Most DSCR lenders require 6 months seasoning before cash-out refi. Hard money carry at 11.5% was costing $1,330/month. Borrower wanted to refi at month 4.
What we did: Found a lender that accepts post-rehab "delayed financing" within 6 months when ALL of the following are documented: HUD-1 from acquisition, contractor receipts, post-rehab appraisal, and signed lease.
Mexican-American borrower with ITIN (no SSN), no W2 employer, paid in cash through a family business. Most lenders said no.
The challenge: ITIN-only borrowers are routinely declined by conventional and most non-QM lenders. Cash-business income flow made standard W2 / bank statement underwriting impossible. Family-sourced down payment funds needed documentation.
What we did: Placed with a wholesale lender running a dedicated ITIN DSCR program. Underwriting on FICO + property DSCR only. Documented 12 months of cash deposits to establish source of funds.
Investor with 9 stabilized Cleveland rentals — wanted to roll them into one loan, free up individual titles for selective sale, and pull modest cash-out.
The challenge: 9 separate notes meant 9 monthly payments, 9 sets of escrows, 9 ownership records. Refinancing each individually was time-consuming and inefficient. Investor wanted a single loan with the flexibility to sell individual properties later.
What we did: Placed with a portfolio-specialist wholesale lender (one of CoreVest's competitors). Release clause structured to let borrower sell any single property at 110% of allocated loan amount without rerating the rest. Aggregate DSCR was the qualifier, not per-property.
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Get My Quote →All case studies above are real funded loans from DSCR Capital Partners. Borrower names, exact addresses, and incidental details have been changed to protect borrower privacy. Loan terms (amount, rate, LTV, DSCR), property type, location market, and deal structure are accurate as closed. Funded volume statistics reflect activity across DSCR Capital Partners and brokered through United Trust Mortgage (NMLS #2591548). Past performance does not guarantee future loan terms; pricing and program parameters change. Equal Housing Lender.