The Challenge
A borrower came to Encore Finance seeking to refinance a 6-unit multifamily property in New Haven, Connecticut.
The borrower had an upcoming maturity on their existing loan and needed to refinance the property quickly while also securing competitive long-term financing terms.
The Solution
Encore Finance structured a DSCR loan designed to streamline the refinance process while providing long-term financing stability.
The financing included a $522,335 loan amount with a 30-year interest-only structure, 70% LTV, 1.33x DSCR, and a fixed rate of 7.75%.
By utilizing a DSCR loan structure, Encore Finance was able to focus on the cash flow performance of the property, helping simplify the qualification process and support a faster closing timeline.
The Outcome
The borrower successfully refinanced the property ahead of their loan maturity while securing long-term financing aligned with their investment strategy.
For investors managing refinancing timelines or scaling rental portfolios, DSCR financing often provides a faster path to financing compared with traditional loans. In this case, the DSCR structure helped the borrower move quickly without sacrificing long-term loan stability or competitive terms.
Contact Encore Finance
Are you looking for a faster, more streamlined way to refinance an investment property? Reach out to the Encore Finance team to learn more about our DSCR loan programs.
