Civic Financial Services for Iowa investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
Iowa context
Iowa stable Midwest DSCR market.
How Civic Financial Services positions in Iowa
For Iowa specifically, Civic Financial Services fits investors who match the hard money approach. The medium cash flow profile of Iowa aggregate makes it workable for Civic Financial Services.
City-level coverage in Iowa
Civic Financial Services provides DSCR coverage across Iowa metros including Des Moines, Cedar Rapids, and Davenport. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across Iowa metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| Iowa property tax | 1.5% |
| Iowa state income tax | 3.8% |
Civic Financial Services strengths in Iowa
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including Iowa. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Des Moines is the top investor market in Iowa and falls within Civic Financial Services national coverage. Des Moines property tax follows the Iowa state rate of 1.5 percent. Civic Financial Services typically underwrites Des Moines acquisitions at standard rate sheets.
Yes. Cedar Rapids ranks among the larger Iowa investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Cedar Rapids matters for property selection.
Civic Financial Services applies the same rate sheet across Iowa metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Des Moines, Cedar Rapids, and Davenport all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
Iowa stable Midwest DSCR market. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in Iowa.
Iowa allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
For Iowa DSCR borrowers, Civic Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.