The Fiirm knowledge base
Practical, current answers about business-purpose commercial real estate financing — without the sales fog.
Start with the same Mentor borrowers use to check the current rules.
DSCR
Cash-out proceeds on a DSCR loan from The Fiirm are uncapped at or below 65% LTV, and capped at $1,000,000 once LTV exceeds 65%. That dollar ceiling is only one of two constraints — the maximum cash-out LTV off the eligibility grid is the other, and which one binds changes with the deal. This page works both, plus the FICO and property-type interactions and what the proceeds may actually be used for.
August 31, 2026
Read the guide →DSCR
Our DSCR program will consider a cash-out refinance on a 1-4 unit rental you bought less than six months ago. What changes with seasoning is which number counts as value. Owned at least 3 months and up to 6, we use the lower of cost basis or appraised value; past 6 months, the appraisal governs. Under 3 months, the guidelines publish no cash-out tier at all.
August 31, 2026
Read the guide →DSCR
The lowest DSCR we will actually accept on a 1-4 unit investor loan is 0.75x, and only on a single-property loan for an experienced investor on an occupied property. For most files the real floor is 1.00x, and overlays for small loan amounts, short-term rentals and interest-only push it to 1.10x or 1.25x. The floor is an output of the file, not a headline number.
December 31, 2025
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