About DSCR Loans California 5-10 Units
TL;DR: DSCR Loans California 5-10 Units is a Loan Daddy LLC brand that covers one kind of property: California apartment buildings of five to ten units. Loan Daddy LLC is a mortgage broker. We arrange and shop business-purpose financing from wholesale lenders for non-owner-occupied buildings, and the lender underwrites and funds.
Why a site for one building size
Five to ten units is an awkward size for financing. The building is too large for the residential rules that govern fourplexes and too small for many commercial lenders to take much interest in. The set of wholesale programs that accept it is smaller, and their rules on unit count, location, condition and mixed-use space differ more than they do for single-family rentals.
California adds its own layer: the statewide rent cap, local rent programs in many of the cities where these buildings are concentrated, Proposition 13 reassessment, soft-story retrofit ordinances and a difficult insurance market. Those rules show up in every rent roll. This site exists to explain them for this one building size and to help owners put together a file that a lender can read quickly.
What we do
We review the rent roll, leases and operating statement the way a small multifamily underwriter will. We flag rent-cap, local ordinance, retrofit and tax questions early. Then we compare the wholesale programs whose rules fit the building and explain the trade-offs. Once you choose, the lender orders the appraisal, underwrites, approves and funds the loan, and we keep the file moving.
What we do not do
We do not arrange loans for buildings where you or a family member will live in a unit. We do not arrange consumer-purpose loans. We do not publish rates, because pricing is set by the lender for each file and changes. We do not make or approve loans ourselves. And we do not publish market statistics: our market pages describe building stock and local rules, which we can describe reliably, instead of rent or price figures that age quickly.
How we read a building
- Occupancy and unit count confirmed first
- Rent roll checked against leases and deposits
- Rent program coverage and registration
- Taxes rebuilt at your price; real insurance quote
- Retrofit and balcony inspection status
What we need from you
- Address, unit count and unit mix
- Current rent roll and leases
- Trailing operating statement
- Purchase price or estimated value
- The loan amount and purpose
Where we work
This brand focuses on California, and the market notes cover eight metro areas with large stocks of 5-10 unit buildings. If your property is a single-family rental or a 2-4 unit building, the right place is our statewide site, dscrloancalifornia.com.
Licensing
Full detail is on the licensing page. The block below is the same one that appears in the footer of every page.
Broker, not lender NMLS #2827624
DSCR Loans California 5-10 Units is a Loan Daddy LLC brand, NMLS 2827624.
AZ CMB Licensed · #CMB-2016143
CA CFL Licensed · 60DBO-218873 · Commercial mortgage broker only
Equal Housing Opportunity
Business-purpose loans for non-owner-occupied investment property only; not for personal, family or household use. Not a commitment to lend. All loans subject to underwriting and lender/investor approval; terms subject to change.
Send us the building, not just the borrower
Address, unit count, a current rent roll and the loan you have in mind. We read it the way a 5-10 unit underwriter will and tell you which wholesale programs are worth the appraisal.