Kiavi Bridge Loan — rates ~10-12% based on LTV, FICO, and experience. Up to 90% LTC. Points 1.5–2.5 typical.
Kiavi DSCR Rental Loan — rates ~7–8.5%, 75% LTV cash-out refi. No W-2s or tax returns. LLC-friendly. Min DSCR 1.1 required. Available in PA ✓
→ kiavi.com — get pre-qualified online
See how your portfolio grows when you recycle the same capital through multiple deals. Uses numbers from your calculator.
WHAT IS BRRRR?
BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. It's a strategy to build a rental portfolio without permanently tying up your capital.
THE 5 STEPS
B
Buy Below Market
Acquire a distressed or undervalued property using cash or hard money. Target 70-75% of ARV minus rehab costs.
R
Rehab to Force Equity
Renovate to increase value to the ARV. This creates the equity spread you'll pull out at refinance.
R
Rent to a Qualified Tenant
Place a tenant before or after refinance. Most lenders want 6+ months of seasoning with a lease in place.
R
Refinance to Pull Capital
Do a cash-out refi at 70-75% LTV based on the new appraised value. Use these proceeds for your next deal.
R
Repeat with Recycled Capital
Deploy the refi proceeds into your next deal. The goal is to get 100% or more of your capital back so each deal is fully funded.
KEY METRICS EXPLAINED
Cash Left In Deal — How much of your own money remains in the property after the refi. Goal: $0 or less (money back).
DSCR — Debt Service Coverage Ratio. NOI ÷ mortgage payment. Lenders want 1.25+. Below 1.0 means the rent doesn't cover the loan.
Cash-on-Cash Return — Annual cash flow ÷ cash left in deal. If $0 left in, this is infinite — that's the goal.
Cap Rate — Annual NOI ÷ ARV. Measures property yield independent of financing. 6-8%+ is solid in most PA markets.
Break-Even Rent — Minimum rent needed to cover all expenses including the mortgage. Rent above this is your profit.
🔑 KIAVI — RECOMMENDED LENDER
🔑
Kiavi
One lender for the full BRRRR cycle — Bridge + DSCR. Available in PA. ✓
BRIDGE LOAN (BUY + REHAB)
Rate: ~10–12%
Origination: tiered by loan size
LTC: Up to 90%
Term: 12–24 months
DSCR RENTAL LOAN (REFI)
Rate: ~7–8.5%
LTV: Up to 75-80%
Min DSCR: 1.1x
Term: 30yr / ARM options
✓ No W-2s or tax returns — qualifies on rental income only
✓ LLC-friendly — borrow in your entity name
✓ Online portal — pre-qual letters, loan tracking, docs all in one place
✓ Fast closing — as few as 7 days on bridge, ~30 days on DSCR
✓ PA licensed — active in all major PA markets
Watch out: Kiavi uses automated underwriting — less flexibility for borderline deals. If your DSCR is tight (1.1–1.2x) a human underwriter at another lender may approve what Kiavi's system won't. Also check their seasoning requirements — most want 6+ months of rental history before cash-out refi.