FAQs
Frequently asked questions
Answers about working with a loan broker, DSCR loans, bridge loans, and the process. Don't see your question? Our team is happy to help.
Working with Nevem
Are you a lender?
No. Nevem Resources is a loan broker. We work with a network of lenders and match each deal with the ones that fit it, so you get real options without applying everywhere yourself.
Why use a broker instead of going straight to a lender?
Every lender has its own box: property types, markets, leverage, credit, and experience requirements. We know which lenders fit which deals, so you send one request, compare real options, and skip the lenders that would turn you down.
Will I still fill out the lender's application?
Usually, yes. Each lender has its own application, and many have their own online portal. We tell you which lender fits, help you through their requirements, and stay involved until closing.
How are you paid?
Our compensation is disclosed up front, on your term sheet and closing statement, before you commit to a loan.
What and where do you finance?
Non-owner-occupied investment property only, for LLCs and corporations. See Locations for the markets we serve.
DSCR loans
What is a DSCR loan?
A long-term loan for rental property that's qualified on the property's income instead of your personal income. DSCR stands for debt service coverage ratio: how well the rent covers the loan payment.
How is DSCR calculated?
DSCR = monthly rent ÷ monthly payment, including principal, interest, taxes, insurance, and any HOA. A ratio of 1.0 means the rent exactly covers the payment. Try the DSCR calculator.
What DSCR do I need?
Most lenders look for 1.0 or higher. Some go below 1.0 with more money down or a higher rate. A higher ratio usually means better pricing.
Can I use a DSCR loan to refinance?
Yes. Many investors refinance a renovated, rented property into a DSCR loan, including cash-out up to about 75% of value with most lenders.
Do I need tax returns?
No. DSCR lenders qualify the loan on the property's rent. They still check credit, liquid assets, and your entity documents.
Bridge loans
What is a bridge loan?
A short-term loan secured by real estate, often called a hard money loan. It's based mainly on the property and the plan for it, so it closes faster and with less paperwork than a conventional loan, and it's repaid when you sell or refinance.
How much can I borrow?
Bridge lenders typically fund up to 90% of the purchase price and up to 100% of the rehab, capped at about 75% of the after-repair value (ARV).
How do repair funds work?
Most bridge lenders hold the rehab money and release it in draws as work is completed and inspected. A clear scope of work gets your budget approved faster.
Is there a prepayment penalty?
Most bridge loans have none, but it varies by lender. We'll tell you before you choose.
Do I need perfect credit?
No. Bridge lenders focus on the deal. Many look for 620 or higher.
Process
How fast can I close?
Bridge loans typically close in 7–14 days and DSCR loans in 21–30 days, once the lender has your documents, valuation, and title.
I have a property under contract and need to close fast. What do I do?
Submit a pre-approval request or call (305) 417-9853 right away, and attach your contract and any repair estimate.
Can I get a pre-approval letter for an offer?
Often, yes. Submit a pre-approval request. Once a lender reviews your information, we can usually get a pre-approval letter to include with your offer.
What documents do I need?
It depends on the loan. The lending checklist lists everything for DSCR and bridge loans.
Ready to move forward with your next deal?
Pre-approval, lender options, or just guidance on a project, our team is ready to help.