With real estate investments, timing matters.

Investors looking to buy, renovate and sell residential properties quickly will sometimes finance with 6-24 month “Fix & Flip” loans. This structure allows for interest-only loan payments to keep the investor’s costs low during the renovation period. But when renovated properties don’t sell before the short-term loan ends or investors shift to a residential rental strategy – they’re faced with a balloon payment.
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Kind’s DSCR refinance to the rescue.

Here’s where Kind’s DSCR comes in. Investors can now move out of a hard money, short-term loan into a 30-year or 40-year DSCR loan with a rate & term refi. This structure solves for the balloon payment while enabling investors to generate income as a rental property. Plus, investors may be reimbursed for eligible renovation expenses with documentation like: structural repairs, roof replacement, plumbing/electrical upgrades, kitchen/bathroom remodels, HVAC install/replace, flooring, paint, landscaping, windows & doors, and permitted additions. Borrower labor and other costs are not eligible so it’s important to check Kind DSCR guidelines for full details.  

Refi with all the same great DSCR features.

• Kind accepts ratios above, at and below 1.0

• 100% of the rent(s) can be used and no vacancy factor is required

• SFR, short-term rentals, condotels and non-warrantable condos, 2-4 units, rural properties, ADUs

• 100% Gift Funds

• Foreign Nationals

• Vesting into LLC allowed

• 3-5 Year PPP and No PPP options*
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*In states where PPP allowed
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Ready to start working with Kind?

Let’s connect you with one of our experienced Account Executives to talk about Kind’s DSCR solution for investors and our full Non-QM lineup!