Latest news with #DSCR
Yahoo
10-06-2025
- Business
- Yahoo
KBRA Assigns Preliminary Ratings to EFMT 2025-NQM2
NEW YORK, June 10, 2025--(BUSINESS WIRE)--KBRA assigns preliminary ratings to seven classes of mortgage pass-through certificates from EFMT 2025-NQM2, a $282.8 million non-prime RMBS transaction. The underlying collateral, comprising 656 residential mortgages, is characterized by a notable concentration of alternative income documentation, with 83.9% of the loans underwritten using bank statements, DSCR, and asset underwriting documentation types. The majority of loans are either classified as non-qualified mortgages (56.9%) or exempt (40.1%) from the Ability-to-Repay/Qualified Mortgage rule due to being originated for non-consumer loan purposes. LendSure Mortgage Corp. (LendSure), an affiliated originator of Ellington Management Group ("Ellington") originated 36.6% of the pool. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Related Publications EFMT 2025-NQM2 Tear Sheet RMBS KCAT Methodologies RMBS: U.S. RMBS Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009865 View source version on Contacts Analytical Contacts Edward DeVito, Senior Managing Director (Lead Analyst)+1 Liam Vauk, Associate+1 Sharif Mahdavian, Managing Director (Rating Committee Chair)+1 Business Development Contact Daniel Stallone, Managing Director+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Gradient Mortgage Capital Launches to Empower Mortgage Professionals with Premier Small Balance Commercial and DSCR Mortgage Lending Solutions
An Affiliate of Saluda Grade, Gradient Offers Tailored Wholesale Loan Solutions for 1–4-Unit Investor Residential and Small Balance Commercial Properties FORT LAUDERDALE, Fla., June 9, 2025 /PRNewswire/ -- Gradient Mortgage Capital, a newly launched wholesale mortgage banking platform, is excited to announce its official market entry, offering innovative financing solutions to mortgage bankers and brokers nationwide. Specializing in Debt Service Coverage Ratio (DSCR) loans for 1-4-unit investor residential properties and Small Balance Commercial Real Estate (SBCRE) loans for a wide variety of property types, Gradient is committed to providing fast, flexible, and reliable lending solutions that help clients scale with confidence. As an affiliate of Saluda Grade, an alternative investment firm specializing in asset-based credit, Gradient benefits from the backing of a firm focused on emerging asset classes and innovative capital solutions. This affiliation provides Gradient with the financial resources to offer mortgage bankers and brokers a competitive edge in a rapidly evolving marketplace. Gradient Mortgage Capital understands that every deal is unique, which is why their loan solutions are designed to help mortgage intermediaries assist entrepreneurial real estate investors at every stage of their journey. Whether their borrower is acquiring their first investment property or refinancing an expanding portfolio, Gradient's streamlined process and commonsense underwriting provide speed and certainty of close, ensuring borrowers get the financing they need when they need it most. "Our mission is rooted in delivering exceptional value through creativity, consistency, and commitment," said Jeremy Irwin, CEO of Gradient Mortgage Capital. "We're here to support our partners with a deep focus on the customer experience, earning your trust by making every interaction reliable, transparent, and frictionless. With Gradient, it's not just about funding transactions; it's about building lasting relationships and helping our partners grow." By combining capital, creativity, and consistency, Gradient offers more than just loans—it builds momentum. With a focus on collaboration, exceptional service, and a commitment to getting deals done right, Gradient provides mortgage professionals with the tools they need to succeed in a competitive landscape. Gradient Mortgage Capital's tagline, "Where Opportunity Meets Altitude," reflects the company's vision to elevate its clients by delivering tailored lending solutions that empower growth, drive success, and unlock new opportunities. For more information about Gradient Mortgage Capital, its DSCR and Small Balance Commercial loan programs, or to become an approved partner, visit About Gradient Mortgage CapitalGradient Mortgage Capital is a wholesale mortgage banking platform and affiliate of Saluda Grade, specializing in DSCR loans for 1–4-unit investor residential properties and Small Balance Commercial Real Estate (SBCRE) loans. With a focus on speed, flexibility, and exceptional service, Gradient empowers mortgage brokers and bankers to deliver tailored financing solutions that help real estate investors scale smarter and more efficiently. About Saluda GradeSaluda Grade is an alternative investment firm specializing in asset-based finance, with a focus on residential real estate. Founded in 2019, the firm has an AUM of $2.5 billion* as of June 1, 2025, and is headquartered in New York City. Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any securities or investment products. All investing involves risk, including the potential loss of principal.* Saluda Grade acquired Hillcrest Finance, LLC on June 1, 2025. Integration of business operations is ongoing; at this time, the regulatory assets under management (AUM) of the two entities remains as an investment adviser does not imply a certain level of skill or training. View original content to download multimedia: SOURCE Gradient Mortgage Capital, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- 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. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
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.
