SUBJECT: Updates to DSCR for Simple Access Investor Cash Flow Loans

DATE: October 21, 2022

Effective immediately, REMN’s Simple Access Investor Cash Flow product will require a DSCR of 0.75% or greater.  This change impacts existing pipeline loans, and pipeline management details are below:

Floating Loans

  • Effective October 21, 2022, all loans will require a DSCR of 0.75% or higher

Locked Loans

  • Provided the loan was originally locked with a DSCR of less than 0.75%, the lock can remain in place
  • If the loan was locked with a DSCR of 0.75% or higher and is now less than 0.75% the lock is null and void
  • The loan must close exactly as presented at the time of the lock and within the lock expiration period. If conditions change and/or the lock expires, please contact REMN’s lock desk at remnlock@remn.com to determine available options

Updated guidelines reflecting this change will be posted soon.

Please contact your Account Executive with any questions