Bridge Exit & Coupon Reduction · Up to 80% LTV · Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC (NMLS #2827624)
DSCR Rate-and-Term Refinance Loans Up to 80% LTV (2026)
Direct Underwriting Answer: A DSCR Rate-and-Term Refinance pays off existing first/second mortgage liens plus closing costs (with ≤ $2,000 or 2% incidental cash back) up to 80% LTV without triggering the +0.250 to +0.625 point cash-out LLPA adjustment.
Max Rate/Term LTV
80% LTV
5% higher leverage than cash-out refinance.
Coupon Advantage
-12.5 to -25 bps
Avoids cash-out LLPA surcharge across all LTV tiers.
Seasoning Rule
Immediate / 30d
Pay off hard-money or seller-carry notes with minimal seasoning.
Amortization
30-Yr Fixed / 10-Yr IO
10-year interest-only option maximizes monthly cash flow.