DSCR Loans, Indianapolis, IN
Indianapolis is one of the highest cash-flow-yield major US metros, anchored by Eli Lilly's headquarters and global manufacturing footprint, IU Health (Indiana's largest hospital system), Amazon's deep central Indiana fulfillment network, the FedEx Indianapolis air hub, Salesforce, Cummins, Rolls-Royce jet engine manufacturing, IU Indianapolis, and Butler University. Pinnacle Funding Network finances long-term rentals across Marion and the doughnut counties, fix and flip across the Fountain Square and Bates-Hendricks gentrification belts, ground-up new construction in the Hamilton and Hendricks growth corridors, and BRRRR refinances throughout central Indiana with cash-flow qualification, no tax returns, and a same-day written quote.
Published by Pinnacle Funding Network | Updated May 2026
Indianapolis is the most consistently underwriteable cash-flow market among large US metros. The 16th-largest US city, anchored by Eli Lilly headquarters (12,000+ employees in Indianapolis plus global manufacturing including a major Lebanon, IN site coming online), IU Health (Indiana's largest hospital system at 18,000+ employees), Amazon's deep central Indiana fulfillment network (Indianapolis is consistently among Amazon's largest North American distribution hubs), the FedEx Indianapolis air hub (the company's largest US package air operation outside Memphis), Salesforce (the largest single employer in downtown Indianapolis at Salesforce Tower), Cummins (headquartered in Columbus, IN, 45 minutes south, with thousands of Indianapolis-area employees), Rolls-Royce North America (jet engine manufacturing at the Indianapolis campus), Roche Diagnostics, Allison Transmission, Anthem Inc, IU Indianapolis (formerly IUPUI, 25,000+ students), and Butler University produces tenant demand at every price point from entry-level Marion County SFRs to $1.1M Carmel and Zionsville trophies. Combined with the lowest property tax weight of any major Midwest metro and one of the lowest entry prices, Indianapolis delivers DSCR ratios that other US metros structurally cannot match.
Pinnacle Funding Network is a DSCR specialist purpose-built for the central Indiana investor. DSCR is the lead product, with fix and flip across Fountain Square, Bates-Hendricks, and the broader near-downtown gentrification belt, BRRRR (rehab-to-rent-then-refinance), bridge, ground-up new construction in Westfield, Fishers, McCordsville, Plainfield, and the broader Hamilton/Hendricks growth corridors, foreign national, and self-employed programs all available through the same broker relationship. This page exists to give serious Indianapolis investors everything they need to underwrite Pinnacle as a capital partner and the central Indiana market as a deployment target, in one place.
Indianapolis works for DSCR investors because four structural drivers reinforce LTR demand across Marion County and the surrounding doughnut counties. Understanding these is the difference between picking properties that pencil and picking properties that don't.
1. Eli Lilly's expansion and Indiana's life-sciences gravity create a multi-year tenant tailwind. Eli Lilly is in the middle of one of the largest pharmaceutical manufacturing expansions in US history, including a $9B Lebanon, IN site (45 minutes northwest), expanded Indianapolis campus capacity, and broader supplier ecosystem build-out across central Indiana. Direct Lilly headcount in the Indianapolis area runs 12,000+ and is growing. Roche Diagnostics, Corteva Agriscience, Elanco, and the broader life-sciences supplier base layer additional white-collar employment. The combined life-sciences tenant base is among the deepest and most credit-resilient of any US metro and provides a structural rental demand floor across Hamilton, Boone, and northern Marion counties.
2. Amazon, FedEx, and central US logistics gravity. Indianapolis sits within a one-day truck drive of approximately 80 percent of the US population, which is why Amazon has built one of its largest national fulfillment footprints around the metro, why FedEx operates its largest US package air hub here (outside the Memphis SuperHub), why DHL has expanded its Indianapolis hub, and why Walmart, Target, and broader retail logistics layer on top. Workforce housing demand from the logistics corridor concentrates in Plainfield, Whiteland, Greenwood, Avon, Brownsburg, McCordsville, Greenfield, and east-side Marion County submarkets. Wages have moved up meaningfully since 2020 against tight workforce supply.
3. The lowest effective property tax of any major Midwest metro creates structural cash-flow yield. Indiana's property tax framework, with circuit-breaker caps holding rental property tax to 3.00% of gross assessed value statewide, produces effective property tax rates of 0.80-0.95% in Marion County and 0.85-1.05% in Hamilton and Hendricks counties. This is meaningfully lower than Ohio (1.5-1.7%), Texas (1.8-2.5%), or Illinois (2.0-2.3%). The practical effect is that Indianapolis DSCR ratios pencil meaningfully cleaner than equivalent-priced cash-flow markets in Ohio, Texas, or Illinois because the PITIA tax line item is lower. This is the structural reason Indianapolis is one of the highest cash-flow yield major US metros.
4. Stable in-migration plus university and healthcare base provide recession-resistance. Indianapolis has been a steady net-in-migration metro for the last decade, drawing from declining-population Indiana markets, nearby Illinois (Chicago refugees seeking lower cost and tax structure), and a steady flow from Northeast and California. IU Indianapolis (25,000+ students), Butler University, the University of Indianapolis, and Marian University combine with IU Health, Eskenazi Health, Community Health Network, and the broader healthcare base to provide recession-resistant rental demand. The State of Indiana government employs 30,000+ in the Indianapolis capital complex. The combined tenant base is durable through cycles.
Indianapolis is not a single market. The metro is organized as Marion County (the core city) ringed by the doughnut counties: Hamilton (Carmel, Fishers, Westfield, Noblesville, Zionsville partial), Hendricks (Avon, Plainfield, Brownsburg, Danville), Hancock (McCordsville, Greenfield, Fortville), Johnson (Greenwood, Franklin, Bargersville), Boone (Zionsville, Lebanon, Whitestown), Morgan (Mooresville, Martinsville), Shelby (Shelbyville), and Madison (Anderson). Each carries very different price points, rent ranges, and tenant demographics. The submarket and county determine almost every other variable in the deal. Pinnacle has financed DSCR loans across all of these. Below is the operational read on each.
The walkable urban condo and townhouse submarket. Mass Ave arts district, Fletcher Place, and the broader downtown core. Mix of rehabbed historic warehouses (Stutz, condo conversions), newer mid-rise condo product, and small multis. Tenant base is young professional, Lilly junior staff, Salesforce employees, downtown lobbying/legal staff, IU Indianapolis postgrad. HOA prevalence high.
Typical purchase price (condo): $325K-$625K. Typical monthly rent: $1,750-$2,950. Typical DSCR (80% LTV): 0.90-1.10x. Best for: Condo-comfortable investors targeting young-professional and downtown corporate tenant demand.
The mid-tier walkable urban gentrification belt. 1910s-1940s Craftsman and Tudor Revival SFRs in mature, tree-lined neighborhoods. Broad Ripple Village walkability with restaurants, music venues, and Monon Trail access. Meridian-Kessler and SoBro adjacent. Tenant base is dual-income professionals, young families, postgrads transitioning out of downtown rental.
Typical purchase price: $325K-$585K. Typical monthly rent: $1,950-$3,100. Typical DSCR (80% LTV): 0.95-1.15x. Best for: Mixed-strategy investors targeting premium urban-walkable inventory with strong tenant credit and modest gentrification upside.
The trophy northern-Hamilton master-planned submarket. Carmel City Schools (consistently top-3 Indiana school district), Carmel Arts & Design District, the Midtown / Monon corridor, and master-planned newer SFR inventory across Bridgewater, the Bridgewater Club, Towne Estates, and broader north Carmel. Tenant base is corporate executives, Lilly senior staff, dual-income professional families.
Typical purchase price: $485K-$925K. Typical monthly rent: $2,750-$4,100. Typical DSCR (80% LTV): 0.95-1.15x. Best for: Investors targeting premium executive-tenant demand in top-rated school districts with strong family rental fundamentals.
The premium-cash-flow Hamilton family-rental submarket. Hamilton Southeastern Schools (top-tier), master-planned 1990s-2020s SFR inventory across Saxony, Britton Falls, Fall Creek Township. Newer build than Carmel, slightly more affordable. Tenant base is corporate executives, Lilly staff, professional family relocators. Strong cash-flow at premium-suburb entry.
Typical purchase price: $385K-$585K. Typical monthly rent: $2,350-$3,150. Typical DSCR (80% LTV): 1.00-1.20x. Best for: Cash-flow-balanced investors targeting premium school-district family rental with manageable entry prices.
The newer-build family-rental growth submarket. Westfield Washington Schools, active 2010s-2020s build across Wood Wind, Bridgewater (partial), Centennial, and the broader Grand Park area. Strong family-tenant demand, manageable HOA presence. Tenant base is professional family relocators, Lilly junior management, central Indiana corporate workforce.
Typical purchase price: $385K-$525K. Typical monthly rent: $2,350-$3,050. Typical DSCR (80% LTV): 1.00-1.20x. Best for: Cash-flow-first investors targeting newer-construction inventory in a top-rated school district at meaningfully lower entry than Carmel.
The southern Johnson County workforce belt. 1980s-2010s SFR inventory south of I-465 along the US-31 corridor. Direct beneficiary of Plainfield/Whiteland Amazon and broader logistics workforce demand. Strong family-tenant demand, lower entry than Hamilton County.
Typical purchase price: $285K-$385K. Typical monthly rent: $1,850-$2,450. Typical DSCR (80% LTV): 1.05-1.25x. Best for: Cash-flow-first investors targeting newer-build inventory at meaningfully lower entry than Hamilton or Hendricks suburbs.
The Hendricks County logistics-workforce family belt. 1990s-2020s SFR inventory across the I-70 / US-40 corridor west of Indianapolis. Direct beneficiary of Plainfield's massive Amazon, FedEx, and broader logistics workforce demand. Strong schools (Avon Community Schools, Plainfield Community Schools, Brownsburg Community Schools) with affordable entry.
Typical purchase price: $325K-$485K. Typical monthly rent: $2,050-$2,750. Typical DSCR (80% LTV): 1.00-1.20x. Best for: Cash-flow-balanced investors targeting logistics-driven workforce family rental in top-rated school districts.
The Marion County cash-flow workhorse submarket. Mix of 1950s-1980s SFR inventory east of I-465 (Lawrence Township area) and Far East-side. Tenant base is workforce, healthcare-adjacent, light-industrial employment, and value-conscious renters. Cash-flow ratios are the strongest in the metro at meaningfully the lowest entry prices.
Typical purchase price: $135K-$225K. Typical monthly rent: $1,150-$1,650. Typical DSCR (80% LTV): 1.20-1.45x. Best for: Cash-flow-first investors building portfolio scale on entry-level inventory and BRRRR operators with appetite for moderate rehab and workforce tenant management.
All ranges above reflect typical recent activity at the time of publication. Specific deals are underwritten to actual comparable rents and sales within 0.5 miles in the last 6 months. Numbers move; the appraisal decides. Marion County entry-level submarkets vary block-by-block; thorough sub-neighborhood diligence is essential.
The mechanics of a Pinnacle Funding Network DSCR loan in Indianapolis are designed for the actual central Indiana investor.
30-year fixed (and ARM options). Standard product is a 30-year fixed-rate loan. ARM products (5/1, 7/1, 10/1) are available for investors who want lower starting rates and have a defined refinance timeline.
LTV up to 80% on purchase. Up to 80 percent loan-to-value on purchase; 75 percent on cash-out refinance; rate-and-term refinances can match purchase LTV. Higher LTV programs exist on ARM products. Foreign national and self-employed programs typically run 5 to 10 percent tighter on LTV. Jumbo loan-size tiers (above approximately $1M, less common in Indianapolis but present in trophy Carmel, Zionsville, premium Meridian-Kessler) may carry tighter LTV.
20% down standard. 20 percent on standard purchases. The highest-leverage ARM tiers may require 25 percent. Foreign national programs typically require 25-30 percent. Lenders look for 6 to 12 months of PITIA reserves on most files. Marion County entry-level deals (below $200K loan size) sometimes carry tighter reserve requirements (12 months instead of 6).
DSCR minimum 1.00x for top pricing. 1.00 DSCR qualifies for best pricing. Programs available down to 0.75 DSCR with rate adjustment. Indianapolis's cash-flow submarkets (East-side Marion, Far East-side, Lawrence, Greenwood, Whiteland) routinely clear 1.20+ at 80% LTV. Mid-tier suburbs (Westfield, Fishers, Avon, Plainfield, Brownsburg) clear 1.00-1.20x. Premium and trophy submarkets (Carmel trophy, Zionsville, premium Meridian-Kessler) run in the 0.95-1.15 range.
No tax returns, no W-2s, no employment verification. The property qualifies, not the borrower's personal income.
Loan range $55K to $5M. Sized to the deal. An entry-level East-side Marion $145K purchase is financed the same way as a $925K Carmel trophy.
Rates and pricing. May 2026 indicative rate range is approximately 7.00 to 8.50 percent on a 30-year fixed, depending on FICO band, LTV, DSCR, and product. Origination typically 1 to 2 points.
Close in 20 to 30 days. Standard 20 to 30 days. Indianapolis closes generally run on the faster end of the range because windstorm and flood binding are minimal variables in central Indiana.
Foreign national and self-employed qualifying available. Foreign national activity is present in Carmel, Zionsville, and Fishers premium inventory, particularly Indian capital tied to Lilly, Salesforce, and broader tech tenant ecosystems. Self-employed investors qualify the property cash-flow path with no personal income docs.
The following is a representative deal structure. Specific terms are quoted on the actual deal at application.
Property: 3BR/1.5BA SFR, 1,250 sqft, built 1968, Lawrence Township (Marion County, east of I-465).
Purchase price: $165,000
Loan structure (80% LTV, LTR DSCR program): $132,000 loan amount, 30-year fixed, 7.75 percent rate (sub-$200K loan-size adjustment)
Annual PITIA breakdown:
Principal & Interest: $11,365/year ($947/month)
Property Tax (Marion County, non-homestead, capped at 3% of gross assessed): ~$1,485/year
Hazard Insurance: ~$1,050/year
HOA: $0 (no HOA)
Total annual PITIA: ~$13,900
Market rent (per appraisal Form 1007): $1,450/month = $17,400/year
DSCR calculation: $17,400 / $13,900 = 1.25x
Comfortably above the 1.00 DSCR target for top pricing. Qualifies at the best-priced DSCR rate tier; the only adjustment is the standard sub-$200K loan-size premium of approximately 0.25 percent on rate. Note that Indiana's property tax circuit-breaker holds the tax line item to roughly 3% of gross assessed value, which is the structural reason this deal pencils meaningfully cleaner than equivalent Ohio or Texas inventory.
Cash to close estimate: Down payment $33,000 plus closing costs ~$6,500. Plan total cash deployed at ~$39,500.
This is the central Indiana workforce-housing economics that Pinnacle's DSCR programs are built for. We model the actual deal on actual comparable rents and Marion County Assessor data rather than running generic rent-to-price assumptions. Note: Marion County entry-level submarkets require thorough sub-neighborhood diligence; block-by-block variation matters more here than in Hamilton or Hendricks.
Indianapolis has a substantial Residential Transition Loan market alongside its DSCR market. The combination of low entry prices, low property tax weight, and reasonable post-rehab rents makes Indianapolis one of the most workable BRRRR markets in the country. Pinnacle covers the full RTL spectrum through the same relationship.
Where flips work in Indianapolis. Flip activity concentrates in Fountain Square (mid-tier, established gentrification), Bates-Hendricks (active mid-tier gentrification), Garfield Park, Old Northside (premium historic), Holy Cross, Mapleton Fall Creek, the Near Eastside corridor, parts of the Near Westside, and selective east-side and west-side Marion workforce inventory. Newer Hamilton and Hendricks subdivision inventory is generally too tight on margin for flip work; investors there target build-to-rent.
Loan-to-Cost up to 90%. Pinnacle finances up to 90 percent of the purchase price plus 100 percent of the approved rehab budget on standard programs. Experienced flippers (3+ projects in 24 months) can access 92.5 percent LTC. First-time flippers start at 85 percent.
Loan-to-ARV cap at 75%. Total loan capped at 75 percent of After-Repair Value.
Interest-only during rehab, no prepayment penalty.
Term 12 to 24 months. Standard term is 12 months with extensions. Most Indianapolis flips exit in 4 to 6 months; historic-district scope can extend toward 7-9.
Rehab funded in scheduled draws. Three to five draws on cosmetic flips, six to ten on full gut renovations.
Loan range $100K to $5M.
BRRRR mechanics. Indianapolis BRRRR is among the cleanest in the country. The combination of $135K-$225K entry prices in cash-flow submarkets, $35K-$75K typical rehab budgets, $235K-$325K typical ARV, $1,450-$1,950 typical post-rehab rents, and Indiana's low effective property tax produces DSCR ratios that qualify cleanly at 75% LTV refinance. The East-side Marion, Far East-side, Lawrence Township, and selective workforce BRRRR pipeline is one of the highest-volume in the country.
Build to Rent. The Hamilton County (Westfield, Noblesville, Fishers fill-in), Hendricks County (Plainfield, Avon, Brownsburg), Hancock County (McCordsville, Greenfield), and Johnson County (Whiteland, Franklin) master-planned corridors have active build-to-rent activity. Pinnacle handles construction-side financing and DSCR take-out as one relationship.
Bridge financing. Six to 24 month bridge terms for auction purchases, estate properties, and 1031 exchange timing.
Beyond DSCR, fix and flip, BRRRR, and bridge, Pinnacle Funding Network handles the remaining investor product set through the same relationship.
STR / Airbnb DSCR. Modest Indianapolis STR demand around downtown convention and event demand, Mass Ave arts corridor, IndyCar (Indianapolis 500 weekend produces one of the highest single-weekend ADR spikes of any US market), Big Ten football game weekends. Permittable in most City of Indianapolis residential zones subject to registration. Most Pinnacle financing in Indianapolis is on LTR DSCR, not STR DSCR.
Ground-up new construction. Infill SFR and small multi-family. LTC up to 85 percent, 100 percent of construction budget in scheduled draws. Active in Hamilton County growth corridors (Westfield, Noblesville, Fishers fill-in), Hendricks County (Plainfield, Avon, Brownsburg, Danville), Hancock County (McCordsville, Greenfield), Johnson County (Whiteland, Franklin, Bargersville), Boone County (Whitestown, Lebanon), and remaining Marion infill (Mapleton Fall Creek, Near Eastside, Near Westside).
Foreign national programs. Carmel, Zionsville, premium Fishers, and downtown trophy inventory. No US credit, asset-based qualification. Indian capital tied to Lilly and Salesforce tenant ecosystems is a common channel.
Self-employed programs. Property cash-flow qualification, no personal income docs.
Every market has friction points that determine timeline and budget. Here are the ones that consistently matter in Indianapolis.
Indiana property tax circuit breakers and reassessment cycle. Indiana's circuit-breaker framework caps rental property tax at 3.00% of gross assessed value statewide, which is one of the most investor-friendly property tax structures in the country. Marion County effective rates run roughly 0.80-0.95% on non-homestead investment property. Hamilton, Hendricks, and Boone counties run similar. Reassessment is annual but trending-based, not full-revaluation cyclical. Underwrite to county Assessor data; Pinnacle quotes use Marion County (or applicable doughnut county) Assessor data, not template assumptions.
Marion County vs doughnut-county process variation. Marion County has accelerated through several modernization initiatives but still occasionally lags Hamilton or Hendricks counties on recording and codes turn time. Build buffer when transacting in Marion County during peak volume windows. The doughnut counties (Hamilton, Hendricks, Hancock, Johnson, Boone, Morgan, Shelby, Madison) each operate independently with different recording, permitting, and codes timelines.
Indianapolis Public Schools and rental demand. Marion County's school challenges are the central factor in why Marion entry-level inventory trades at meaningfully lower prices than equivalent doughnut-county inventory. Investors targeting family-rental demand should generally underwrite to the doughnut-county school districts (Carmel, Hamilton Southeastern, Zionsville, Avon, Brownsburg, Plainfield, Westfield Washington, Center Grove). Marion entry-level cash-flow inventory targets workforce-renter demand that is less school-district-sensitive.
HOA prevalence in master-planned communities. Carmel, Fishers, Westfield, Noblesville, Zionsville, Avon, Brownsburg, McCordsville, Whitestown, and most newer Hamilton, Hendricks, Hancock, and Boone County subdivisions carry HOA structures with rental restrictions and lease minimums in some sub-phases. Some Carmel and Zionsville phases prohibit STR entirely or limit the percentage of leased units. Read CC&Rs and confirm HOA rental allowance before offer.
Tornado season and roof condition diligence. Indiana is in tornado alley; severe-weather season runs March through July with peak activity in April-June. Roof condition diligence at acquisition is more material than in lower-risk metros. Insurance carriers price aggressively against aging or hail-damaged roofs in some central Indiana zip codes. Plan roof scope into rehab budgets accordingly.
Older inventory and lead paint disclosure. Substantial portions of the Marion County DSCR inventory (Lawrence Township edges, Far East-side, Near Northside, Near Eastside, Near Westside, much of the city core) was built pre-1978 and triggers Federal lead-based-paint disclosure. Plan disclosure documentation into the standard process. Pre-1940 inventory in Old Northside, Lockerbie, Cottage Home, and parts of Fountain Square may also require knob-and-tube electrical and asbestos investigation in some properties.
Block-level diligence in Marion County entry-level submarkets. Marion County entry-level inventory varies block-by-block in ways that Hamilton or Hendricks suburbs do not. Adjacent blocks can carry meaningfully different rental quality, vacancy patterns, and tenant credit profiles. Thorough sub-neighborhood walk-throughs and property-management-input scoping at offer are essential. Pinnacle's Indianapolis lender network includes programs comfortable with this Marion-specific reality.
Indianapolis 500 STR demand spike (May). For investors operating STR in downtown, near-downtown, or Speedway-adjacent zip codes, the Indianapolis 500 weekend (late May) produces one of the highest single-weekend ADR spikes of any US market. Annual STR cash-flow modeling can legitimately incorporate the 500 weekend as a recurring premium-revenue event, though it is one weekend on a 52-week calendar.
DSCR-specialist programs sized for the central Indiana investor. Pinnacle's DSCR lender network covers the full Indianapolis deal-size range, $55K to $5M, in a single relationship. From entry-level Lawrence Township to trophy Carmel, one broker handles the whole range. We quote with Marion County (or applicable doughnut county) Assessor data, not template assumptions, so DSCR estimates land where they actually land at close.
BRRRR specialist programs for one of the cleanest BRRRR markets in the country. Indianapolis's combination of low entry prices, low property tax weight, and reasonable post-rehab rents makes it one of the most workable BRRRR markets in the country. Pinnacle's RTL programs handle Fountain Square, Bates-Hendricks, Far East-side, and Lawrence Township BRRRR cycles through the same relationship that holds the eventual DSCR refinance.
Build-to-rent and ground-up construction for the Hamilton/Hendricks growth belt. Critical for investors deploying into newer-construction Westfield, Fishers, McCordsville, Plainfield, and Avon inventory where build-to-rent margins are working. Pinnacle handles construction-side financing and DSCR take-out as one relationship.
Speed. 20 to 30 day close standard. Indianapolis closes generally land on the faster end of that range because windstorm and flood binding are not material variables in central Indiana.
Multi-program flexibility under one relationship. DSCR LTR holds, fix and flip on Fountain Square and Bates-Hendricks gentrification belt, BRRRR refinance, ground-up new construction in Westfield and McCordsville, foreign national, self-employed. Same broker handles your East-side Marion BRRRR, your Fishers DSCR purchase, and your Carmel build-to-rent.
Mortgage broker model with multiple lender relationships. Pinnacle places loans across approximately ten institutional DSCR and RTL lenders, which matters in Indianapolis where DSCR pricing on a sub-$200K Marion County loan varies meaningfully across programs and the right match for a Lawrence Township workforce property is different from the right match for a Carmel trophy purchase.
The fastest path from "I have a property under consideration" to "I have a term sheet" is the same-day quote. Submit the property address, purchase price, estimated rent, and your target loan structure at pinnaclefundingnetwork.com/get-quote. We respond with a written term sheet (rate, points, LTV, DSCR threshold, term) typically inside one business day. No credit pull, no application fee, no obligation.
If the term sheet works, the next step is a formal application. From application to close runs 20 to 30 days on standard files. Title work, appraisal, HOA documentation (where applicable), and standard hazard insurance binding all happen in parallel. A clean borrower with a clean Hamilton County property closes in 14. Files involving HOA documentation in doughnut-county master-planned communities or Marion County entry-level deals requiring block-level diligence stretch toward 21. Either way, fast enough to win deals in Indianapolis.
James Loffredo, Founder and Principal
Pinnacle Funding Network
214-846-8602
info@pinnaclefundingnetwork.com
pinnaclefundingnetwork.com
Pinnacle Funding Network is a correspondent lender and loan originator. PFN originates loans and funds them through its network of institutional capital partners, who make final funding decisions; PFN may sell or assign loans at or after closing. Rates, terms, and programs are subject to change. All loan applications are subject to credit review, property appraisal, and underwriting approval. Rent ranges, DSCR estimates, and deal examples on this page are illustrative; actual deal terms depend on property-specific underwriting.