Business-purpose rental property financing · Miami & South Florida
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Aerial view of a Miami rental property for DSCR rate-and-term refinance

Restructure existing rental debt

DSCR Rate-and-Term Refinance in Miami, Florida

Replace an existing investment-property loan to adjust rate, term or payment structure without making cash proceeds the primary purpose.

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Program overview

How this DSCR option works

A DSCR rate-and-term refinance replaces current debt on a non-owner-occupied rental property. The objective may be to move from short-term or maturing debt into a longer amortization, change an adjustable structure, consolidate eligible closing costs or improve the relationship between rent and monthly debt service.

The new lender evaluates the property’s qualifying rent, proposed PITIA, current payoff, credit profile, title and condition. A lower payment can improve the DSCR, but value, leverage, prepayment provisions and transaction costs must be considered together.

Capwell DSCR Loans Miami helps compare the existing loan against available refinance structures so investors can evaluate the complete transaction rather than focusing on rate alone.

Potential fit

Scenarios this option may serve

  • Rental owners replacing a maturing or shorter-term investment loan
  • Investors seeking a longer amortization or different fixed/ARM structure
  • Properties with established long-term or eligible short-term rental income
  • Borrowers moving eligible debt into an LLC-compatible DSCR structure

Underwriting focus

Factors that shape eligibility

  • Current payoff, maturity date and any prepayment charge
  • Property value, requested loan amount and refinance LTV
  • Qualifying rent compared with proposed monthly PITIA
  • Ownership seasoning, title history and lender-specific refinance rules

Prepare early

Documents commonly requested

The final checklist depends on the borrower, property, transaction and selected lender. Preparing the core information early reduces avoidable follow-up.

  1. 01Current mortgage statement and payoff information
  2. 02Existing note or term summary, including maturity and prepayment terms
  3. 03Lease, rent roll or market-rent support
  4. 04Insurance, tax and HOA information
  5. 05Entity documents and liquidity statements

Transaction path

What happens next

  1. 01

    Map the current debt

    We review payoff, payment, maturity and the investor’s preferred replacement structure.

  2. 02

    Model the refinance

    Proposed loan terms are measured against value, rent, PITIA and DSCR.

  3. 03

    Complete underwriting

    The lender reviews appraisal, title, lease, entity, credit and reserves.

  4. 04

    Pay off the old loan

    At closing, approved proceeds satisfy the existing lien and eligible costs.

Clear answers

DSCR Rate-and-Term Refinance Questions

What is the difference between rate-and-term and cash-out refinance?

Rate-and-term refinance is primarily used to replace existing debt and eligible transaction costs. Cash-out refinance intentionally increases proceeds beyond the payoff so the owner receives equity at closing.

Can DSCR refinance replace a balloon or maturing loan?

Potentially. The property must meet value, rent, condition and underwriting requirements, and the transaction must be started early enough to complete appraisal, title and lender review before maturity.

Are tax returns required for a DSCR rate-and-term refinance?

The DSCR programs contemplated on this site generally qualify on property cash flow without personal tax returns. Lenders still require credit, entity, property, lease, reserve and other transaction documentation.

Will refinancing always lower the payment?

No. The payment depends on the new rate, loan amount, amortization, taxes, insurance and association dues. The complete cost and benefit should be reviewed before proceeding.

Related DSCR options

Continue comparing rental-property financing paths

DSCR Purchase LoansAcquire a ready-to-rent investment property using a business-purpose loan evaluated primarily on the property’s rental income and projected housing expense.DSCR Cash-Out RefinanceRefinance a stabilized rental property and receive approved equity proceeds while qualifying primarily through the property’s rental cash flow.Airbnb & Short-Term Rental DSCR LoansEvaluate purchase or refinance options for an eligible short-term rental using lender-accepted property income rather than personal DTI.DSCR Portfolio LoansEvaluate financing for multiple rental assets through coordinated property-level loans or an eligible portfolio structure.

Discuss the property

Start with a property-specific DSCR review

Share the property type, rent, value or purchase price, requested loan amount and timeline. We will help organize the scenario and identify participating-lender options that may fit.

  • Purchase, rate-and-term and cash-out requests
  • Non-owner-occupied rental properties only
  • No obligation and no guarantee of approval
(786) 685-4328

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