Frequently Asked Questions
Quick answers about our loan programs, process, and what to expect when working with Pillar.
What types of loans does Pillar offer?+
Our specialty is DSCR rental-property financing for purchases, rate-and-term refinancing, cash-out and takeouts from project debt. Additional investment-property programs remain available for individual review through our Other Financing Programs page.
How fast can you close a loan?+
Closing timelines depend on the program, property, and deal complexity. We work to close efficiently and keep you informed throughout the process.
Where do you lend?+
Pillar Private Lending works with real estate investors in multiple states. Contact us to confirm availability in your area.
What credit score do I need?+
We work with a wide range of credit profiles. Underwriting varies by program and may consider property cash flow, collateral, deal structure, and borrower experience.
Is there an application fee?+
No. There is no cost to apply, receive a term sheet, or get pre-qualified with Pillar Private Lending.
Do you require tax returns or income verification?+
Rental financing primarily evaluates property cash flow, while credit, equity, reserves and other documentation still matter. Requirements vary by program; an advisor can confirm what your scenario requires.
What is a DSCR loan?+
A DSCR (Debt Service Coverage Ratio) loan is a long-term rental property loan that qualifies based on the property's rental income rather than the borrower's personal income. It's ideal for investors building a portfolio of cash-flowing properties.
Can first-time investors apply?+
First-time rental investors can submit a scenario for review. Eligibility depends on the property, borrower and selected program; experience requirements vary.
What is the minimum loan amount?+
Minimum loan amounts vary by program, property, and deal structure. An advisor can confirm whether your requested amount fits the current program guidelines.
Can Pillar help my hard money lender plan a rental takeout?+
Yes. Your lender or broker can introduce the completed or stabilizing rental scenario. We review payoff, maturity, rental evidence and property readiness, then discuss the financing path. A takeout requires a separate approval and is not a guaranteed payoff.
Do you offer cash-out refinances?+
Yes. We review cash-out refinancing for eligible rentals. Compare proceeds after the existing payoff and closing costs, the new payment, and the reserves you want to keep.
What happens after I submit an inquiry?+
A member of our team will review your request and follow up with program recommendations and loan scenarios.
Still have questions?
Our team is happy to answer anything not covered here. Talk through your property and plans with an advisor.
Next Step
Ready to think through your next deal?
Share a few basics about the property and we'll help you understand which financing paths may fit your strategy.
No obligation. Representative scenarios only — talk with an experienced investment advisor.