Investment Property Loans in Bellingham

Investment Property Loans in Bellingham

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Loans Based On Property Cash Flow

Investor Cash Flow (DSCR) Program

Our Debt Service Coverage Ratio (DSCR) program focuses on the property cashflow, so no other income documents are required. Our DSCR loans offer fast closings with minimal conditions, so the process is relatively hassle-free. 

Debt Service
Coverage Ratio=
Gross Rents or Form 1007/216PITIA

DSCR > 1.0 means that there is sufficient cash flow to cover the debt service.

DSCR < 1.0 means that there is not enough cash flow to cover the debt service.

  • 660 minimum FICO required
  • Minimum DSCR of .80 for refinance and 1.00 for purchase
  • Close multiple loans at the same time
  • Up to 85% LTV for Purchase and 75% LTV for R/T or Cash-out Refi
  • Available for 5-8 Unit properties with LTV up to 70%
  • Loan amounts up to S1,500,000 (higher with exception/compensating factors)
  • Up to $500,000 Cash Out
  • No limit on the number of properties owned and you can finance up to 10 properties
  • Non-Warrantable condo and Condotel allowed (up to 70% LTV)
  • Qualify on Interest Only Payments - Great for qualification and cashflow purposes

The Benefits of Rental Property Financing in Bellingham:

  • No tax returns needed
  • Quick approval process
  • Multiple property financing
  • Cash-out options available

Ready to finance your investment property in Bellingham? Contact Mike Farkas at 360-393-0622 to schedule an appointment.

Disclaimer: Mike Farkas and mikefarkas.com are not mortgage lenders. We specialize in locating private lenders, hard money lenders, hedge funds, and other non-traditional lenders to meet the unique needs of our clients. The information provided on this website is for general informational purposes only and does not constitute financial, legal, or professional advice. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, services, or related graphics contained on this website4 . Any reliance you place on such information is strictly at your own risk. We will not be liable for any losses or damages in connection with the use of our website or the services we provide. By using this website, you acknowledge and agree to these terms.

You can trust Mike Farkas Real Estate for all your real estate needs in Bellingham, WA and our surrounding communities of Anacortes, WA Blaine, WA Ferndale, WA Lynden, WA Mt. Vernon, WA Sedro-Wooley, WA. With expert services in buying and selling residential homes and commercial properties, our team of professional Realtors makes real estate simple and stress-free.

We offer many flexible (outside the box) purchase and sale financing solutions including cash offers, traditional listings, and unique options like “Sell Now Move Later” or “Move Now Sell Later.” Our full-service approach also covers luxury home marketing and financing through our preferred lenders or choose your own lender. Whether you’re a first-time buyer or selling your 100th rental property, we handle every detail with care and attention. Contact Mike Farkas at 360-393-0622 to discuss your real estate goals today!