Investing in Florida?
We Have You Covered!
NSS Lending offers a variety of loan options tailored to your needs, including fix & flip loans, DSCR (long-term and short-term Airbnb rental loans), new construction, and commercial loans. We proudly serve the entire state of Florida from Pensacola to Tallahassee, Jacksonville to Daytona Beach, Orlando to the Villages, Tampa to Naples, Miami to the Florida Keys. Let us guide you through the loan process and assist you in achieving your real estate goals.
LONG-TERM & SHORT-TERM AIRBNB DSCR RENTAL LOANS
How Much Can I Finance With a DSCR Loan?
Finance up to 80% of the purchase price
Starting at $50K
Minimum DSCR >1.0
Minimum credit score >680
(lower score = lower LTV)
No deferred maintenance.
Single family home, condo, townhome or 2-4 units.
Market rent will be used for vacant units.
Alternatively, you can finance up to 85% of the purchase price of the property, if the property you're purchasing is...
-
Starting at $100K
-
A single family home, condo, townhome or 2-4 units
-
Minimum credit score 720
-
You own two or more rental properties for 24 months
-
The property has a DSCR of >1.35
You can finance up to 90% of the purchase price of the property, if ...
-
Starting at $75k
-
The seller (or anyone for that matter) is willing to finance a 2nd position lien for a minimum of 3 years for up to 45% of the value of the property. You would be required put down a minimum of 10% plus closing fees
-
No minimum credit score!
-
Market rent will be used for vacant units
-
Single family, condo, townhouse, 2-4 units, 5+ multi-family
Can I get a loan on a mobile / manufactured home?
Yes! We will finance non-owner occupied mobile / manufactured homes too! Must be on permanent foundation, VIN retired and registered as real property.
Fix & Flip,
Refi-Rehab
and BRRRR Programs
Our rehab loans provide you with short term financing solutions to help you make those essential repairs or upgrades. With friendly and knowledgeable staff, we make the lending process simple and stress-free.
-
Up to 100% financing
-
Up to 70% of the ARV
-
Deferred payment options available
-
Terms: 6-24 months
What if the property is in a rural location?
Rural rehab loans are ok in 40 states!
NEW CONSTRUCTION
While many investors are constantly on the hunt for run-down, dilapidated properties to fix and flip, investors with the strategy of new construction do just the opposite and typically have solid returns.
-
Starting at $150K
-
Minimum credit score 640
-
12-24-month terms
-
Deferred payment options available
What if I don't have any ground up experience?
Not a problem, just hire an experienced licensed builder with three or more completed ground up construction projects in the in the same market last 36 months.
Commercial
Conventional, SBA 7a and 504 Loans
Starting at $100K
Minimum credit score 650
70% Occupied if investment
or owner occupied
No deferred maintenance
