Traditional lenders don't understand co-living. We specialize in DSCR loans for PadSplit and co-living properties. Purchase, refinance, or cash-out — no W-2 required.
From eligibility check to close — a clear 4-step process built for co-living investors.
Use the qualifier to see how many of our 13+ lenders fit your deal — no credit pull.
We review the deal: market rent (Form 1007), FICO, LTV, and property type.
We match your deal to the right program across 1,263 lender configurations.
Typically 3–4 weeks. Close in an LLC. No W-2, no tax returns.
Purchase, refinance, or pull equity — all with no W-2 or personal income docs required.
Most lenders don't know how to handle co-living. We do.
Traditional lenders routinely reject or misclassify co-living and PadSplit properties — treating them as commercial or flagging them as non-conforming. The per-room rental structure doesn't fit neatly into conventional underwriting boxes, and most loan officers don't have the experience to structure around it. The result is unnecessary denials on deals that are fundamentally sound.
DSCR loans solve this. They qualify the property on appraised market rent via Form 1007 — the same figure a standard single-family rental would receive. The fact that PadSplit's per-room revenue is 2–2.5x that market rent figure is your investment premium. It's not the underwriting basis; it's what makes co-living so attractive as a strategy. DSCR looks at whether the property can cover its debt service at market rent — and for well-located properties, it usually can.
For deals where market rent doesn't fully cover the mortgage, we have access to 184 no-ratio programs that skip DSCR analysis entirely. These programs qualify based on asset strength, credit, and LTV rather than income coverage. Asset depletion is also available as a structuring option. No deal is dead by default — the key is matching the deal structure to the right lender and program.
Key program parameters for PadSplit and co-living DSCR financing.
Common questions about financing PadSplit and co-living properties.
We finance PadSplit and co-living properties in 47 states. Top markets below.
Use our eligibility checker — answer 7 questions to see how many of our 13+ lenders fit your deal. No credit pull.
Check My Eligibility →In-depth resources for co-living and PadSplit investors.