Delaware DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
Delaware (DE) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in Delaware utilize Judicial (Scire Facias Sur Mortgage) security instruments, with an average non-homestead effective property tax rate of 0.57%, a median 1–4 unit investment home price of $365,000 (median rent $2,650/mo), and 5+ unit multifamily market rents averaging $1,540/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial (Scire Facias Sur Mortgage)EFFECTIVE PROPERTY TAX
0.57% Avg ($173/mo)MEDIAN 1–4 UNIT PRICE & RENT
$365,000 · $2,650/mo5+ UNIT MULTIFAMILY RENT
$1,540/door/moDelaware Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine
Price/Door: $365,000·Loan/Door: $273,750·Avg Rent/Door: $2,650/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.29xCanonical:
129 bps · 7500 bps LTV · 6625 bps RateTier-1 Institutional (1.25x+ — Max LTV & Best Pricing)
Loan Amount (75% LTV)$273,75027,375,000 _cents
Monthly P&I Debt Service$1,753/mo@ 6.625% Note Rate
Total Monthly PITIA$2,054/moTax: $173 · Ins: $128
Net Monthly Cash Flow+$596/mo$7,153/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $2,054/mo | 1.29x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $2,099/mo | 1.26x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $1,898/mo | 1.40x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.
Delaware Cities with Population ≥ 50,000 (2 Markets)
Click any Delaware city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (DE) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Wilmington, DE → | NEW CASTLE County County | 77,962 | 0.58% | $375,000 | $2,700/mo | $1,575/door |
| Dover, DE → | KENT County County | 50,100 | 0.55% | $320,000 | $2,350/mo | $1,375/door |