One rental investor in Massachusetts kept coming back. Across two purchases and two refinances, including an 8-unit building, they built a portfolio with one financing team.
In short: A repeat investor closed four DSCR loans in Massachusetts with LendingStreet, totaling $2,687,610. The loans were a $507,700 refinance, a $929,000 purchase loan, a $650,910 loan on an 8-unit purchase priced around $900,000, and a $600,000 refinance. The pattern shows how investors grow faster when one financing team already knows their file, entities and goals.
Here are the facts of the relationship. Every loan was a DSCR loan on investment property in Massachusetts.
| Loan | Purpose | Loan amount |
|---|---|---|
| 1 | Refinance | $507,700 |
| 2 | Purchase | $929,000 |
| 3 | 8-unit purchase, price roughly $900,000 | $650,910 |
| 4 | Refinance | $600,000 |
| Total | $2,687,610 |
The mix matters more than any single loan. Two of the four were purchases that added doors. Two were refinances on property the investor already owned.
That is how most rental portfolios grow. You buy, you stabilize, you refinance, and you use the stronger position to buy again. Each step is easier when your financing team does not have to start from zero.
Purchases add income and doors. Refinances reposition what you already own. An investor who uses both tools on a schedule tends to grow more steadily than one who only buys when cash happens to be available.
DSCR loans qualify on the property’s rent, not on personal tax returns or W-2 income. That matters for a growing investor, because each new property adds its own income instead of stretching a debt-to-income ratio.
There is also no maximum loan amount on our DSCR programs. The investor in this case closed loans ranging from about $500,000 to more than $900,000 under the same approach.
One of the four purchases was an 8-unit property priced around $900,000, financed with a $650,910 loan. Moving from smaller rentals to a building with several units is a common step for investors who want more income per purchase.
In general, properties with five or more units are measured on the building’s net operating income. Investors making that jump should run the numbers both ways before making an offer, because the math is stricter than on a 2–4 unit property.
Repeat borrowing with the same team removes friction that slows investors down.
Repeat investors make the next loan easy to approve. A few habits help.
Plan the next loan before you close the current one. Know when a property will be seasoned for a refinance and what that refinance could fund.
Keep clean records on every property, including leases, tax bills and insurance. And talk to your financing team early, so each deal arrives with 2–3 options already in view rather than as a rush.
Yes. Each property qualifies on its own rent and value, so investors commonly finance several rentals with one team. Repeat investors often move faster because their file is already established.
Our DSCR programs have a $150K minimum and no maximum loan amount. Larger loans still need to meet leverage and DSCR requirements. Very large or unusual properties may be priced individually.
Yes. Properties with five or more units are generally underwritten on net operating income rather than gross rent. We finance 5+ unit buildings through our multifamily and DSCR programs.
It depends on your cash position and seasoning dates. Many investors refinance a stabilized property first to fund the next down payment. Your loan officer can map out the order with you.
Pricing is set by each loan’s credit, leverage and DSCR, not by loyalty alone. Repeat borrowers do benefit from a faster process and fewer document requests. A proven track record with rentals can also help on larger or more complex properties.
Yes. We finance investment property in all 50 states, including Massachusetts. Programs and requirements can vary by state and property type.
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