Brendan Bennett

Upright has introduced debt service coverage ratio rental loans available to real estate investors. DSCR is a measure of the cash flow available to pay back debts. A DSCR loan is a non-QM loan available to investors that allows lenders to judge qualifications without verifying personal income by focusing on rental income. “Many customers at first come to us for our fix and flip loans. Often their exit strategy was to turn them into long-term rental properties, and we have previously had to refer them elsewhere. There was a piece of the puzzle missing,” Upright’s VP of Revenue, Brendan Bennett, said in a statement. “By introducing DSCR Rental Loans, we are better able to serve the needs of more customers…