Logan Finance for Iowa investors
Logan Finance offers a DSCR rental loan program through wholesale and broker origination channels. The company does not publish minimum credit score, DSCR, loan size, rate, or state-coverage figures in the sources reviewed; borrowers should confirm current terms and coverage directly.
Iowa context
Iowa stable Midwest DSCR market.
How Logan Finance positions in Iowa
For Iowa specifically, Logan Finance fits investors who match the hard money approach. The medium cash flow profile of Iowa aggregate makes it workable for Logan Finance.
City-level coverage in Iowa
Logan Finance 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. Logan Finance program terms apply uniformly across Iowa metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Iowa property tax | 1.5% |
| Iowa state income tax | 3.8% |
Logan Finance strengths in Iowa
- Operates through both wholesale and broker origination channels
- DSCR rental loan program available
Ideal borrower: Mortgage broker or wholesale-channel borrower originating a DSCR rental loan.
FAQ
Likely; verify direct Iowa coverage. Logan Finance is based in an undisclosed location and operates in states not publicly disclosed.
Des Moines is the top investor market in Iowa and is generally within Logan Finance states not publicly disclosed footprint. Des Moines property tax follows the Iowa state rate of 1.5 percent. Logan Finance 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 Logan Finance. Submarket variation within Cedar Rapids matters for property selection.
Logan Finance 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 Logan Finance program.
Logan Finance does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Iowa stable Midwest DSCR market. Logan Finance follows standard business-purpose loan structures.
Logan Finance funds rental DSCR in Iowa.
Iowa allows standard DSCR prepay structures; Logan Finance typically uses 3-5 year step down.
Logan Finance typical close: Not publicly published.
Bottom line
Iowa investors considering Logan Finance should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Logan Finance.