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A DSCR loan, also known as a debt service coverage ratio loan, is a type of loan that is typically used for commercial real estate investments. The loan is based on the cash flow of the property, rather than the borrower's personal credit or assets.
The debt service coverage ratio (DSCR) is a measure of the property's ability to generate enough cash flow to cover the loan payments. The DSCR is calculated by dividing the property's net operating income (NOI) by the loan payments.
For example, if a property has an NOI of $100,000 per year and the loan payments are $80,000 per year, the DSCR would be 1.25 ($100,000/$80,000). This means that the property generates enough cash flow to cover the loan payments and has a cushion of 25% in case of unforeseen expenses.
When applying for a DSCR loan, the lender will typically look at the property's income and expenses, as well as the borrower's credit history and experience in managing similar properties. The lender will also calculate the DSCR to determine if the property can support the loan payments.
DSCR loans typically have higher interest rates and stricter underwriting standards than traditional mortgages because they are considered riskier. However, they can be a good option for investors who are looking to purchase a commercial property with a strong cash flow.

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