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Category: Connecticut Mortgage

Investor Condo Loans

Investor Condo Loans with Great Rates Spartan Commercial Mortgage offers Investor Condo Loans. We allow for Warrantable and Non-Warrantable Condominiums. Borrowers have the ability to do these loans as a DSCR, Conventional, Stated Income, or No Doc Loan. Condos must be at least 500 sq feet in size and the unit must be turnkey. Furthermore, …

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BRRRR Method Mortgage Loans

How Do BRRRR Method Mortgage Loans Work? Spartan Commercial Mortgage is your BRRRR Method Mortgage Loan Resource for Real Estate Investors. The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) is a foundational method for investors. Most Noteworthy, is that Spartan Commercial Mortgage offers the solutions to do a rehab loan on the property and then …

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Investment Property Commercial Loans

Spartan Commercial Mortgage provides Investment Property Commercial Loans. These programs are great for either a purchase or refinance. Furthermore, we have Conventional Options, DSCR Loans, and Stated Income Programs. Borrowers can finance up to 80% (for a purchase) of their investment real estate on a 30 year fixed loan. Even more, our rates are very …

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What is a DSCR Loan?

What is a DSCR loan? Its stands for Debt Service Coverage Ratio. DSCR is calculated by dividing net operating income (NOI) by total debt service (the total amount of principal and interest payments due). Essentially, it indicates that the borrower generates enough rental income to cover the mortgage/insurance/property taxes of the property. Spartan Commercial Mortgage …

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