Key Points
* DSCR Formula: Net Operating Income ÷ Debt Payments.
* Ratio > 1: Property generates more income than loan payments.
* Ratio < 1: Property isn’t generating sufficient income.
* Key focus for lenders is property cash flow, not borrower’s credit or income.
The Black Book Advantage
- No Seasoning Required:
“No waiting periods needed!
You can get financing right after acquiring or refinancing a property.”
In Layman’s Terms:
"Some lenders make you wait before refinancing or cashing out. Not us. Whether you just bought the property or owned it for years, we’re ready to work with you."
2. Up to 80% LTV:
“We offer up to 80% of the property’s value in loans for refinancing or purchases, giving you more cash to grow your investments.”
In Layman’s Terms:
"If your property is worth $100,000, you can get up to $80,000 to invest in your next big deal.""
1309 Coffeen Avenue STE 11112
Sheridan, Wyoming 82801
This is not a commitment to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and restrictions may apply. Black Book Lending, LLC reserves the right to amend rates and guidelines without notice.