Question 1

Can I use projected rent for a vacant property?

Accepted Answer

Yes. Lenders order appraisals with rent schedules showing market rent for comparable units. They use that figure to calculate DSCR even if the property sits empty at closing.

Question 2

Do DSCR loans require reserves?

Accepted Answer

Most lenders want 6-12 months of mortgage payments in liquid reserves. The exact amount depends on your credit score, DSCR ratio, and total financed properties.

Question 3

What's the maximum loan amount for Menlo Park investor properties?

Accepted Answer

DSCR programs go up to $3-4 million depending on property type and borrower profile. Larger deals may require multiple lenders or portfolio financing structures.

Question 4

Can I refinance a rental property without showing personal income?

Accepted Answer

Yes. DSCR cash-out refinances use the property's rental income to qualify. You can pull equity for renovations or new purchases without tax return documentation.

Question 5

How does rent control affect loan approval?

Accepted Answer

Lenders reduce projected rent by 10-15% for rent-controlled properties. That lowers your DSCR calculation and may require more down payment or higher property income to qualify.

Investor Loans in Menlo Park: Finance Silicon Valley Rentals & Multifamily Properties