Where We Lend
June Point Lending currently offers business-purpose DSCR loans in the following states.
- Alabama
- Arizona
- Colorado
- Connecticut
- Florida
- Georgia
- Illinois
- Maine
- Massachusetts
- Michigan
- New Jersey
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Texas
- Washington
- Wisconsin
State-specific notes
- Michigan
- Prepayment penalties are ineligible.
- New Jersey
- Prepayment penalties are ineligible.
- Ohio
- Prepayment penalties are allowed when: 1) Number of units is >2; or 2) If number of units is <=2, a 1% penalty for a term of 1 year is allowed if the loan amount is >=$116,356.
- Pennsylvania
- Prepayment penalties are allowed when: 1) Number of units is >2; or 2) If number of units is <=2, the loan amount is > $329,411.
For LTV limits and guidelines by state, see the DSCR eligibility matrix and guidelines.
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