Newfi Lending expands DSCR program to accept crypto reserves
Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirements without liquidation.
The updates are aimed at real estate investors who hold digital assets as part of their broader financial portfolios, according to a Newfi press release.
“This expansion reflects how Newfi is helping meet the needs of today’s real estate investors as they build and manage wealth,” said Steve Abreu, founder and CEO of Newfi Lending. “Many sophisticated borrowers hold digital assets as part of a…
