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in Tiburon, CA
Tiburon rental properties command premium rents, but traditional lenders often reject investor deals here. Both DSCR and hard money loans skip W-2 income verification entirely.
DSCR works for buy-and-hold investors who want long-term financing. Hard money serves fix-and-flip buyers who need fast closes and don't mind higher costs for 12-18 months.
DSCR loans qualify you based on what the property earns, not your job. Lenders divide monthly rent by the mortgage payment to calculate your ratio.
Most lenders want a 1.0 DSCR minimum—rent covers the full payment. Rates run 1-2% above conventional mortgages. You can close in 15-20 days with 20-25% down.
This works for Tiburon investors buying cash-flowing rentals they plan to hold for years. The property pays for itself while you build equity long-term.
Hard money lenders fund based on property value, not your financials. They'll close in 5-10 days if you need to beat competing cash offers.
Expect 9-14% interest rates and 2-4 points upfront. Loan-to-value caps at 65-75% of purchase price or after-repair value. Terms run 6-24 months max.
This fits flip projects or bridge financing when you're buying distressed Tiburon properties. You refinance or sell before the balloon payment hits.
DSCR loans cost less but require rental income from day one. Hard money ignores cash flow but charges triple the interest rate.
DSCR terms stretch 30 years with predictable payments. Hard money gives you 12-18 months before the full balance comes due. DSCR needs 20-25% down; hard money wants 25-35%.
Hard money closes in a week when you're competing against cash buyers. DSCR takes three weeks but saves you thousands monthly once you're collecting rent.
Choose DSCR if you're buying a turnkey Tiburon rental you'll lease for years. The property must generate enough rent to cover the mortgage payment immediately.
Pick hard money when you're flipping a fixer or buying below market and need to close fast. You'll pay more, but speed matters when properties move in days here.
Most Tiburon investors use hard money to acquire and renovate, then refinance into DSCR once tenants are in place. That sequence gives you speed upfront and affordability long-term.
Yes, if you can document rental income through lease agreements or comparable market rents. Short-term rental income works but requires detailed booking history.
We've closed hard money loans in 5 business days when borrowers had clean title and appraisal ready. Typical timeline runs 7-10 days start to finish.
Most lenders require 1.0 minimum—rent equals the payment. Some accept 0.75 DSCR if you put 30% down and have strong reserves.
They look at it, but property value matters more. We've funded deals with 580 scores when equity and exit strategy were solid.
Absolutely. Most investors refinance into DSCR once renovations finish and tenants start paying rent. Rates drop significantly and terms extend to 30 years.