Sentences with phrase «because debt service coverage»

It can be extremely difficult to obtain financing from a traditional bank or institutional lender because their debt service coverage requirements restrict them from being able to share a borrower's vision for a high - vacancy property.

Montegra also delivers quick closings, between three to four weeks from initial request to closing — and is able to fund loans even if they have been rejected by institutional lenders — because debt service coverage is not up to bank standards or other issues have disqualified the application.

A hard money loan can help borrowers who find properties with low occupancy rates or in need of rehabilitation that banks are unwilling to underwrite because the debt service coverage is too low.