Springwell BTR
Purpose-built financing for the build-to-rent strategy. Fund ground-up construction of rental homes, then roll straight into long-term DSCR financing at completion—no new lender, no second approval gauntlet.
Typical terms
- Phase 1
- Construction, 12–18 mo
- Phase 2
- DSCR long-term
- Draws
- Custom to build timeline
- Structure
- Interest reserves
- Exit
- Hold & rent
Terms are illustrative and subject to underwriting. Final pricing depends on the deal, your experience, and leverage.
What this program delivers
- One lender, two phases—construction then permanent
- Brand-new properties with zero deferred maintenance
- Built to rent-optimized specs—durable finishes, efficient layouts
- Roll into DSCR at stabilization with no new lender
- Cash flow from day one of lease-up
Build-to-Rent: Two Phases, One Plan
Construction draws that convert to a DSCR rental loan — and why you check the rent comps before you pour the slab.
More videos →From first call to funded
Phase 1 — Construction (12–18 mo)
Purchase the land and finance construction with a custom draw schedule and interest reserves to preserve your cash during the build.
Phase 2 — Convert to rental
At completion, roll into long-term DSCR financing underwritten on rental income—no new lender, no personal income verification.
Why BTR over buying existing
Brand-new, rent-optimized homes mean no deferred maintenance and stronger day-one cash flow than tired existing inventory.
Springwell BTR questions, answered
- Do I need a second loan when the build is done?
- No—that's the point. One lender carries you from construction into long-term DSCR financing. One relationship, two phases, zero hassle.
- How is the permanent loan underwritten?
- On the finished property's rental income (DSCR), not your personal income—just like a standard Springwell Rent loan.
Other programs
Ready to price this on your deal?
Tell us the basics and an advisor comes back with real numbers — leverage, rate, points, and the draw structure you'd actually live with.
Ready to fund your build-to-rent loans deal?
Tell us about your project and get a same-day read on terms. No obligation, no impact to your credit to prequalify.