Purchase & Refinance
DSS where money moves fast..
We here at DSS we are the business people that understand your need(s) for cash as a primary tool for any successful business. With that being said we are not the banks, credit scores not required thus we are fast, flexible, and available. Dade Strategic is here to get you the cash you need within days. Read More
Product Purchase | Refinance – Term Loan
- Loan Term 5 – 10 years
Rate+ (Fixed) 5.5-7.5%
Loan Type 30 year Amortized
Interest Guaranty (Prepayment) Based on Loan Term (e.g. 5 yr. loan year 3, 2, 1, 0%)
Max LTV* (As-Is Value) 70%
Credit FICO >650
Valuation Appraisal
Property Types: Investment SFR (1-4), Condos (limited)
Loan Purpose: Fix-Flip, Rental, Refinance, Purchase, Fix-Hold, Stabilize, Rehab, Cash Out
- Minimum Loan Amount: $75K per property
Minimum property value of: $100K for 5-10 yr. program
Maximum Loan Amount: $5MM per property
Rent Roll and DSCR > 1.25:1 required for loans over 24m
Personal Guaranty Required
No BK or FC within the last 36 months*
No rural properties
Through Syndication
And Fast Underwriting
Characteristics of a D.S.S. Loan:
-Up to 90% LTV on most properties including cash out transactions;
-Borrower light on documents to verify income on tax returns, investor and owner occupied;
-Is currently stable we only need 75% economic occupancy for the preceding 90 days at a 1.15 DSCR;
-No seasoning on title and the ability to use appraised value vs cost basis;
-Out of state investors prime source for fast funding;
-Markets with higher CAP rates;Low liquidity
* DSS only needs 3-6 months of P&I in reserves;
