Match the borrower before you quote the deal.
Greenstreet is a mortgage broker: we match DSCR files to a borrower lane — property income, reserves, entity structure, state risk — and place them with a wholesale lender that underwrites the loan. Five lanes, no personal income documents to start. Pick the lane, then build the file.
What changes when the borrower changes.
Pick a lane along the top row. Every row below re-reads for it — terms, decision, kill conditions, documents.
| Borrower laneselect one to read it out below | |||||
|---|---|---|---|---|---|
| Programthe lane this file is placed into | Greenstreet Aspen | Maple / Aspen / Willow / Magnolia | Program-specific STR path | Program-specific 1-4 / STR path | Portfolio / blanket review |
| Program DSCRcoverage the lane is positioned around | |||||
| Max leverageceiling before the file reprices | 80% max | 70-75% max | 75% max | 75% max | 75% max |
| Credit floorthe borrower-side gate | 660+ | alt credit | 660+ | 660+ | 680+ preferred |
| Reservesmonths of PITIA the file shows after close | 3-6 mo PITIA | 6-12 mo PITIA | 6-9 mo PITIA | 6 mo PITIA | blended review |
| Complexityhow much of the file is story | Standard | High | Volatile | Conditional | Structured |
| Pricing readwhere the lane sits against base | base rate card, no overlay | above base for ID and funds-sourcing risk | gross revenue haircut before qualifying income | prices as DSCR once rental intent is documented | one blended spread across the pledged doors |
A DSCR of 1.00x is a floor, not a cushion.
Buy-and-hold
1-10 stabilized rentals with lease or market rent support.
Use this lane when
- The property is leased or the 1007 rent schedule supports the payment.
- Entity vesting is ready before submission.
- You need a quote that does not wait on tax returns or W-2 income.
What stops the file at the lender
Use the standard lane when the rent schedule and PITIA already clear the floor without a story.
- An 81% LTV file prices like a different loan.
Missing or stale LLC docs can add days to underwriting.
fix before submitWhat this lane adds to the file
What every file has to prove.
These four groups are the baseline for any DSCR submission. The lane you picked above adds to them; it never replaces them.
Executed contract, mortgage statement, 1007 or 1025 rent schedule, leases, and HOA dues.
Photo ID, credit authorization, entity documents, signing authority, and ownership trail.
Down payment source, reserves after close, gift or transfer trail, and foreign wire support when needed.
Insurance binder, permit status, local rental restrictions, state prepayment-penalty rules, and portfolio release terms.
Price the borrower lane before you chase the rate.
Enter the property details, DSCR inputs, and borrower lane, so the conditions surface before the file goes out rather than after.