Latest news with #DSCR
Yahoo
6 days ago
- Business
- Yahoo
Dominion Financial Wholesale Announces William Fisher as Director of Wholesale Sales
BALTIMORE, June 2, 2025 /PRNewswire/ -- Dominion Financial Wholesale, a non-QM division of the leading private lender for real estate investors, Dominion Financial Services, is proud to announce the appointment of William Fisher as Director of Wholesale Sales. Fisher will be responsible for expanding Dominion Financial Wholesale's national presence in the non-QM lending market. Fisher brings over 20 years of senior leadership experience in mortgage lending, with a proven track record of building high-performing sales teams, scaling operations, and launching innovative non-QM and Jumbo loan programs. Before joining Dominion, Fisher served as Executive Vice President of Non-QM at Kind Lending, leading one of the industry's most successful launches of a non-QM TPO business unit. He's also held strategic roles at LoanStream Mortgage, Citadel Servicing (now Acra Lending), and Ark Mortgage. "Will knows this business inside and out," stated Dustin Wells, President of Wholesale at Dominion Financial. "He brings a wealth of knowledge, expertise, professionalism, and focused energy to build out a sales organization that we believe can gain market share immediately. We're thrilled to have Will on board." As Director of Wholesale Sales, Fisher will lead the effort to scale the Wholesale Division's national Account Executive footprint, build strategic broker relationships, and deliver elite training programs. He is focused on aligning Dominion Financial Wholesale's product messaging with its expanding non-QM capabilities, ensuring clients receive both unmatched service and results. "This is exactly the kind of opportunity I love, taking a powerful foundation and helping build something extraordinary," said Fisher. "Dominion has a fantastic team, deep roots, and a clear vision. It's the perfect extension of what I've built in the past. I'm excited to bring energy, structure, and competitive spirit to the Wholesale division and help make Dominion Financial Wholesale a household name in non-QM." Fisher also emphasized his commitment to empowering Account Executives and broker partners through experience-based insight and support. "I've been to the top of the mountain in this industry. Now, I get to pass that knowledge on, help individuals hit their goals, strengthen our teams, and grow the company in ways that create long-term success." With plans to grow the team, roll out new products, elevate the brand, and showcase Dominion Financial Wholesale at major industry events in 2025, Fisher's arrival marks a major milestone in Dominion Financial's continued expansion into the wholesale mortgage lending space. About Dominion Financial Wholesale Dominion Financial Wholesale, the non-QM division of Dominion Financial Services, specializes in alternative qualification mortgages, including DSCR, Bank Statement, 1099, WVOE, Profit and Loss, Full Doc, Asset Utilization, Cross-Collateral, and Foreign National programs. Built for brokers, Dominion Financial Wholesale delivers the tools, technology, pricing, and support needed to close more deals. With competitive rates and a DSCR Price-Beat Guarantee, Dominion enables brokers to serve self-employed borrowers, property investors, and clients who don't fit traditional lending criteria. Contact:Brooke RubrightCreative Managerbrooke@ View original content to download multimedia: SOURCE Dominion Financial Services
Forbes
04-04-2025
- Business
- Forbes
How To Leverage DSCR Loans To Start Or Expand Investments
Ryan Barone is cofounder and CEO of RentRedi, a property management software that simplifies the renting process for landlords and renters. I spend a good deal of time talking to landlords and property investors, and I can see that we're in a tough housing market—high prices, rising interest rates and strict lending requirements are making it harder for investors to break into real estate or expand their existing portfolios. Many of the aspiring investors I talk to would love to take advantage of the wealth-building benefits of rental properties, but their struggle to qualify for traditional loans due to insufficient income or a lack of steady, salaried employment can be a major barrier to reaching their goals. After speaking with investors at multiple conferences, I realized that many people don't know about debt service coverage ratio (DSCR) loans, a financing option specifically designed for rental properties. Unlike conventional mortgages, which rely on personal income verification, DSCR loans are based solely on the income potential of a renter-ready property. This means investors can qualify based on how much rent the property generates rather than their personal earnings. A DSCR loan is a financing option available to real estate investors solely for the purchase of rental properties. With this, lenders evaluate the property's income potential instead of the borrower's personal income. In order to determine who qualifies for a DSCR loan, lenders consider the debt service coverage ratio of a property, which measures its ability to generate sufficient revenue to pay back the loan. Lenders calculate this ratio by dividing the property's net operating income by its total debt obligations. A DSCR score of 1.25 indicates that a property's income projection is 125% of its debt obligations. This is typically the minimum score required by lenders because it provides some cushion to pay back the debt. One strategy you can use to improve your DSCR score is to optimize your rental income by reducing operating expenses and screening tenants to ensure reliable, on-time payments and reduced vacancies. Property management software can help you automate rent collection, maintenance requests, tenant screening and financial tracking. Unlike traditional financing, DSCR loans have strict requirements and restrictions. DSCR loans require properties to be move-in ready, with only minimal repairs allowed—typically no more than $2,000. Like score thresholds, though, repair allowances and criteria can vary by lender. Additionally, DSCR loans are strictly for investment purposes, meaning that you cannot reside in the property. Lenders expect these properties to generate rental income, and this is how they ensure your property will not serve as a primary residence. I find that the biggest draw of DSCR loans is their flexibility in terms of income requirements and loan repayment terms. Many lenders also offer customized terms, such as interest-only payments or longer-term loans with extended repayment periods (DSCR loans are available in 15-year, 30-year and 40-year terms), to help property investors maximize their cash flow. This is particularly useful if you're looking to acquire multiple rental properties since DSCR loans have no limits on the number of properties you can finance. This can help you to scale your portfolios more rapidly than you might with conventional loans. While DSCR loans offer compelling advantages, investors should also be aware of certain drawbacks. Down payment requirements tend to start at 20% to 25% of the property's purchase price, with interest rates ranging from 6.125% to 9.5%. These rates exceed those of conventional mortgages, leading to larger monthly payments and higher overall borrowing costs. On top of this, the maximum loan amount for DSCR financing typically ranges between $2 million and $5 million, which is no problem if you're purchasing a smaller investment property, but can restrict access to larger-scale investments. Additionally, some lenders require six months' worth of cash reserves, which can be challenging for those without significant liquid assets. Investors should also be mindful of potential prepayment penalties, limiting flexibility for refinancing or early sales. Moreover, these business-purpose loans lack the same consumer protections (such as the ban on prepayment penalties and slower foreclosure processes for missed payments) as conventional mortgages. While I have outlined DSCR's unique advantages, because of the potential pitfalls, it is even more important that you select properties that meet lender requirements and are more guaranteed to generate strong rental income. To ensure positive cash flow, I recommend that you focus on properties with rental income that significantly exceeds loan payments. Negotiate favorable purchase prices, set competitive rental rates and minimize vacancy periods through effective property management. On this last note, think about how you will manage the property. Hiring help can be expensive. If you can do it yourself using property management software, you can avoid spending 8% to 12% of your monthly rent on property management fees. Even though DSCR loans limit upfront repair costs, keeping your properties in excellent condition is essential for attracting and retaining tenants, lowering long-term operating costs and increasing net operating income (NOI). If needed, a property management tool can help you automate and schedule routine maintenance. Just be sure to set aside a reserve fund to avoid unexpected financial strain. Since DSCR loans rely on rental income, any disruption—such as vacancies, late payments or unexpected repairs—can strain cash flow and impact debt repayment. To mitigate this risk, investors should build in a buffer. For instance, if your lender requires a DSCR score of 1.25, shoot for 1.3 to 1.4 instead. This gives you breathing room for irregularities like seasonal vacancy or one-off repairs. Proper planning and setting aside cash can help protect against shortfalls and maximize the benefits of DSCR financing. This financing strategy can provide you with a competitive advantage and a greater potential for accelerated growth. By focusing on properties that are turnkey, renter-ready and produce strong cash flow, you can leverage DSCR loans to build a sustainable and profitable real estate portfolio. The information provided here is not investment, tax, or financial advice. You should consult with a licensed professional for advice concerning your specific situation. 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Associated Press
12-02-2025
- Business
- Associated Press
Beeline Loans and RedAwning Partner to Revolutionize Real Estate Investing
Providence, Rhode Island--(Newsfile Corp. - February 12, 2025) - Beeline Loans, Inc., a wholly-owned subsidiary of Beeline Holdings (NASDAQ: BLNE), a pioneering digital mortgage lender with an AI-powered platform, has joined forces with vacation property management and rental powerhouse, RedAwning to simplify and accelerate the real estate investment process for buyers. This innovative partnership integrates Beeline's DSCR mortgage application directly into RedAwning's platform, allowing investors to receive a tailored mortgage quote and approval within minutes, so they can expand their STR portfolio. By seamlessly bridging property selection and financing, the collaboration offers a faster, more intuitive experience for modern investors. Investment properties account for many of Beeline's transactions, underscoring the company's ability to support the path to financial freedom with products tailor made for property investors. 'Expanding our partnership with RedAwning aligns perfectly with our excitement about empowering investors with streamlined tools and flexible financing options,' said Nick Liuzza, CEO of Beeline. Beeline's wider range of conventional and non-QM loan products, including DSCR and Bank Statement loans, caters to the needs of Millennial investors and owner-occupiers, who are driving the growing demand for real estate investment. In 2024, millennials made up 38% of all home buyers, according to the National Association of REALTORS® (NAR). This collaboration positions both companies to capitalize on this emerging market segment, delivering a seamless, end-to-end solution for property buyers. With Beeline and RedAwning at the forefront, investors gain not just properties but a more efficient and empowering path to real estate success. About Beeline Holdings Beeline Holdings is a technology-driven mortgage lender and title provider building a fully digital, AI-powered platform that simplifies and accelerates the home financing process. Headquartered in Providence, RI, Beeline Financial Holdings, Inc. is dedicated to transforming the mortgage industry through innovation and customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Labs. About RedAwning RedAwning is a full-service property management company offering a suite of services to property owners and investors, simplifying the process of renting out a short-term rental. With a focus on data-driven insights and user-friendly tools, RedAwning simplifies the journey for real estate owners and investors. For more information about Beeline's innovative approach to investment property financing, visit To explore available investment properties, visit RedAwning. Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the new partnership between Beeline and RedAwning and the anticipated features, benefits and market demand and adoption of the products and services envisioned by such partnership. Forward-looking statements are prefaced by words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'should,' 'would,' 'intend,' 'seem,' 'potential,' 'appear,' 'continue,' 'future,' believe,' 'estimate,' 'forecast,' 'project,' and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, risks that our projections, estimates and expectations with respect to our technologies and marketing strategies and perceptions concerning potential future events that are based thereon prove to be incorrect, our ability to successfully leverage and manage our relationship with RedAwning and other strategic partners, our ability to effectively complete the development of and launch of our technologies and the potential for unforeseen challenges or complications with respect thereto, our ability to protect our rights and interests in our technologies and intellectual property rights therein and to improve upon and execute our plans with respect to such technologies, our ability to the execute on our strategic initiatives effectively and in a cost-efficient manner, the sufficiency of our existing cash and cash equivalents to meet our working capital and capital expenditure needs over the next 12 months which will depend on our ability to raise capital, future interest rates in the United States, changes in the political and regulatory environment and in business and economic conditions in the United States and in the real estate and mortgage lending industry, geopolitical conflicts such as those in Ukraine and Israel, and our ability to develop and maintain our brand cost-effectively. Further information on our risk factors is contained in filings made with the Securities and Exchange Commission by Eastside Distilling, Inc., including the final Prospectus filed on January 14, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Associated Press
29-01-2025
- Business
- Associated Press
KBRA Comments on Starz Mortgage Securities 2021-1 DAC Sellar Loan's Special Servicing Transfer
KBRA UK (KBRA) notes that Starz Mortgage Securities 2021-1 DAC's Sellar Loan transferred to the special servicer on 21 January 2025. Starz Mortgage Securities 2021-1 DAC is a static CRE CLO transaction, which was originally secured by six GBP and three EUR loans, of which only two GBP loans, with an aggregate balance of £50.2 million, remain. Currently, four of the eleven classes of the securitisation remain outstanding, with the other classes having been paid in full previously. The Sellar Loan (£25.6 million, 50.9% of the remaining collateral balance) is the larger of the remaining loans in the transaction. The transfer to special servicing is due to a loan event of default resulting from the borrower's failure to pay all amounts due on the extended maturity date of 20 January 2025. Previously, the borrower was not able to pay all amounts due on the original maturity date (20 July 2024), and the loan's maturity date was extended by six months. Prior to that, the loan was amended on 12 June 2023 due to a breach of its DSCR covenant at the January 2023 IPD, with the DSCR covenant waived until the original maturity date. The mortgage loan is collateralised by first priority liens on three full service hotels in the UK, two of which operate as Doubletree (Hilton affiliate) hotels and one of which operates as a Holiday Inn. As of the most recent servicer report from 20 November 2024, the loan's reported LTV and DSCR were 60.1% and 1.00x, respectively. The other remaining loan in the transaction is the Zamek loan (£24.7 million), which is collateralised by two residential properties in the UK and was performing in accordance with the loan agreement as of the latest servicer report. That loan's most recently reported LTV and DSC were 69.2% and 1.51x, respectively. As of the November 2024 Note Payment Date, the transaction had a remaining £1.6 million liquidity reserve, which is available to meet shortfalls in servicing and special servicing fees, senior expenses, and interest payments on the Class D1 Notes, which have a remaining balance of £4.9 million. At the current rate of interest (8.7%) applicable to the Class D1 Notes, the liquidity reserve alone could cover interest payments for approximately 3.7 years. In addition, the subordination levels of the remaining rated classes are 90.1% for the Class D1 Notes, 73.7% for the Class E Notes, and 44.4% for the Class F Notes, which have increased from 24.1% (Class D1 Notes), 20.0% (Class E Notes), and 11.9% (Class F Notes), respectively, since closing due to deleveraging from loan repayments and amortisation. KBRA will continue to monitor the transaction and performance of the subject loan, effectuating rating actions, as or if necessary. To access ratings and relevant documents, click here. KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1007800 +44 20 8148 1082 [email protected] Grenda, Senior Director +1 215-882-5494 [email protected] Development ContactsMauricio Noé, Co-Head of Europe +44 20 8148 1010 [email protected] Amin, Managing Director +44 20 8148 1002 [email protected] SOURCE: Kroll Bond Rating Agency, LLC Copyright Business Wire 2025. PUB: 01/29/2025 05:51 PM/DISC: 01/29/2025 05:51 PM
