Case Study: DSCR Purchase Loan in Seminole, Florida
DSCR purchase for an out-of-state investor in Seminole, Florida. $538K, 80% LTV, 1.42 DSCR. Closed in under 30 days. See how the deal was structured.
nmin readReleased on:August 13, 2026Last updated on:August 20, 2026
About the Deal
The property is a single-family residence in Seminole, Florida, a Pinellas County market with strong long-term rental demand. The buyer is an experienced out-of-state investor who came in with a clear set of requirements: 20% down, positive cash flow, and a close in under 30 days. DSCR loans in Florida program let her qualify based on the property’s rental income, which meant her employment situation did not factor into the transaction. The property cleared the cash flow bar with room to spare, and the deal closed in less than 30 days.
What Made It Special
- Strong DSCR at 80% LTV. Maintaining a DSCR above 1.0 at 80% LTV means the property’s market rent covers the full PITIA payment with leverage in place. This property came in at 1.42 — a comfortable margin that reflects both the income quality of the asset and the soundness of the purchase price.
- Sub-30-day close. Speed matters in competitive markets. This deal closed in under 30 days from application. For an experienced investor who has seen how deals can stall, that timeline represents real value — particularly in a Florida market where seller expectations on timing are high.
- Out-of-state execution. The investor purchased the property from states away and closed without traveling to Florida. A DSCR purchase loan qualifies on the property’s income, not the borrower’s location. That structure makes remote investing practical rather than exceptional.
The Result
The completed DSCR purchase delivered a 1.42 DSCR Florida rental with 20% down, closed in under 30 days.
- Loan Amount: $538,000 — 30YR Fixed Rate DSCR Loan
- Rate: 6.875%
- LTV: 80%
- DSCR: 1.42
- Required Liquidity: $176,562.58
More About Ridge Street Capital
Ridge Street Capital provides fix and flip loans, DSCR loans, and ground-up construction financing to real estate investors across 35 states. Our focus is exclusively on investment properties, which means every deal we evaluate gets the attention of a team that has seen the full range of what makes an investment work or fail.
If you want a lender who will tell you clearly whether a deal makes sense, and move fast when it does, contact us:
Zach Cohen is the Managing Partner of Ridge Street Capital, a direct private lender providing hard money and DSCR loans to real estate investors across 35 states. Under his leadership, the firm has funded nearly $100 million in investment property loans. He regularly works with real estate investors on rental property acquisitions, refinances, and fix-and-flip projects across the country.
Fix and Flip Loans
Funding For Purchase + Rehab
- $50,000 up to $3,000,000
- Interest Rate 10.5%-11.5%
- Origination Fee From 1.5%
- Up to 90% of Purchase and 100% of Rehab
DSCR Loans For Long Term Rentals
Perfect for first-time investors or experienced investors scaling their rental portfolio.
- Up to $2,000,000
- Interest Rates from 6.0%
- Origination Fee From 0%
- Up to 80% of LTV
DSCR Loans For Short Term Rentals
Designed for investors pursuing higher rents with a short term rental strategy.
- Up to $2,000,000
- Interest Rates from 6.25%
- Origination Fee From 0%
- Up to 80% LTV
Ready to Get Started?
.svg)
