Your next Miami investor deal hinges on the DSCR wholesale lender standing behind it. South Florida's rental market runs on condos, condotels, short-term rentals, and LLC-held properties. Brokers and MLOs working this market need a lending partner that knows those deal types inside and out.
This checklist walks through seven criteria you should evaluate before sending a DSCR file to any wholesale lender. For each one, you will see how Tag Lending Group (NMLS #2329372) delivers through its wholesale and non-delegated correspondent programs across Florida, South Carolina, Tennessee, Texas, Georgia, Michigan, New Mexico, and Ohio.
Quick guide: 7 criteria for comparing DSCR wholesale lenders in Miami
- LLC and entity vesting: Can the lender close investment loans in an LLC or business entity?
- Short-term rental eligibility: Does the lender accept Airbnb and VRBO rental income for DSCR qualification?
- Condo and condotel financing: Will the lender fund warrantable, non-warrantable condos, and condotels?
- Foreign national programs: Does the lender offer purchase and refinance products for non-U.S. citizens?
- Scenario desk access: Can you get a direct review of complex investor files before submission?
- Entity documentation support: Does the lender guide you through operating agreements, EIN letters, and articles of organization?
- Cash-out refinance flexibility: What options exist for investors pulling equity from appreciated rental properties?
How we evaluated DSCR wholesale lenders for Miami brokers
Miami's investor landscape is distinct. Condo towers with hotel-management programs, international capital flowing through LLCs, and short-term rental portfolios across Brickell, Sunny Isles, and Aventura all demand specialized lending knowledge. A generic DSCR product often falls short.
- Property type coverage: We looked at whether a lender finances single-family rentals, 2-4 units, non-warrantable condos, condotels, and mixed-use properties, because Miami inventory skews heavily toward attached and resort-style units.
- Entity vesting flexibility: Investors holding properties in LLCs or trusts need a lender that accepts entity-vested closings without forcing a personal-name title transfer.
- Foreign national readiness: International buyers remain a major part of Miami's market, so Miami brokers need a wholesale partner with foreign national programs on the shelf.
- Scenario desk responsiveness: Investor files come with curveballs. We evaluated whether lenders provide direct scenario review before submission instead of leaving you waiting for answers.
- Cash-out and refinance depth: Equity-rich Miami rentals need cash-out programs that accommodate condos, condotels, and LLC-vested assets without punishing adjustments.
- Short-term rental acceptance: AirDNA and lease-based income should both count toward DSCR qualification, and the lender should clearly outline which documentation is required for each.
The 7 DSCR wholesale lender criteria Miami brokers should evaluate
Tag Lending Group at a glance: a wholesale DSCR lender built for Miami investor deals
Tag Lending Group is a wholesale and non-delegated correspondent lender headquartered in Miami. Founded in 2021 by CEO Anthony Angelillo, the company is backed by 25 years of mortgage experience across retail, brokerage, and branch ownership. Lending licenses cover Florida, South Carolina, Tennessee, Texas, Georgia, Michigan, New Mexico, and Ohio.
With 100+ investor relationships and a non-delegated correspondent model, Tag Lending Group closes loans in its own name and sells to multiple investors. That structure gives you more flexibility on deal structuring and execution than a lender locked into a single investor channel.
For Miami-focused brokers, Tag Lending Group covers the full DSCR spectrum: single-family rentals, 2-4 units, non-warrantable condos, condotels, short-term rental properties, mixed-use buildings, and portfolio or blanket loans across multiple investment properties.
Tag Lending Group DSCR program highlights
- LLC and entity vesting: Tag Lending Group closes DSCR loans in an LLC or business entity, which is critical for Miami investors structuring assets for liability protection. No personal-name title transfer is required.
- Short-term rental qualification: Airbnb and VRBO income is accepted for DSCR qualification, with AirDNA data permitted on purchase transactions through select investor programs. This matters in Miami, where a significant share of rental inventory operates as short-term units.
- Condo, condotel, and non-warrantable condo eligibility: Tag Lending Group finances warrantable condos, non-warrantable condos (including projects with litigation, high investor concentration, or reserve shortfalls), and condotels across Brickell, Downtown, Sunny Isles, and Aventura.
- Foreign national programs: Full doc, asset utilization, and overseas-asset reserve options are available for non-U.S. citizens purchasing or refinancing in Florida. Through select investor programs, no U.S. credit history is required, and foreign national full doc programs accept bank reference letters and CPA documentation.
- Scenario desk and wholesale support: Broker partners can submit deal scenarios directly to the Tag Lending Group wholesale team for direct scenario review before submission. Complex files involving entity structures, mixed-use properties, or layered documentation get reviewed by the team rather than routed through an automated queue.
- Cash-out refinance: Investors can pull equity from appreciated Miami rentals, condos, and condotels through DSCR cash-out programs. Qualification is based on the property's rental income, not the borrower's personal tax returns.
Tag Lending Group pros and cons
Pros:
- Non-delegated correspondent model with 100+ investor relationships provides broad program access and flexible deal execution for brokers.
- Full DSCR product menu covers LLC closings, condotels, non-warrantable condos, foreign nationals, short-term rentals, and portfolio or blanket loans under one lender.
- Miami headquarters means the wholesale team understands South Florida condo board requirements, post-Surfside structural reserve rules, and hurricane insurance DSCR impact firsthand.
Cons:
- Lending licenses cover eight states (FL, SC, TN, TX, GA, MI, NM, OH), so brokers with investor clients in states outside this footprint would need a separate lender for those files.
- Brokers new to the DSCR space may need to invest time upfront learning the entity documentation and condo questionnaire requirements, though the TAG TEAM's scenario desk is available to walk through each step.
- The breadth of DSCR options can feel extensive at first glance, so brokers should connect with their account executive to narrow the right program for each deal.
1. LLC and entity vesting criterion
Most serious Miami real estate investors hold rental properties in LLCs for liability protection, estate planning, and tax structuring. If your wholesale DSCR lender cannot close in an LLC or business entity, you are immediately disqualified from a large portion of the investor market.
When evaluating any lender on this criterion, confirm that the lender does not require a title transfer to a personal name before funding. Confirm that operating agreements, articles of organization, EIN letters, and certificates of good standing are all accepted as standard documentation. Tag Lending Group's DSCR programs accept entity-vested closings across single-family, multi-unit, condo, and condotel property types.
2. Short-term rental eligibility criterion
Miami is one of the most active short-term rental markets in the country. If your wholesale lender only qualifies DSCR loans based on long-term lease income, you are leaving deals on the table for Airbnb and VRBO operators throughout Miami Beach, Wynwood, and the Design District.
Ask any prospective lender whether they accept AirDNA projections on purchase transactions and actual short-term rental income on refinances. Through select investor programs, Tag Lending Group permits AirDNA data for purchases and accepts documented short-term rental income from existing properties, so brokers can qualify a broader range of investor files through the wholesale channel.
3. Condo and condotel financing criterion
Condos make up a large share of Miami-Dade's residential inventory. If your DSCR lender only finances single-family rentals, your deal flow in the Miami market will be severely limited.
Evaluate whether the lender handles warrantable condos, non-warrantable condos (including projects with pending litigation, high investor concentration, or HOA reserve shortfalls), and condotels with hotel-management agreements. Tag Lending Group finances all three categories and maintains an approved condo list that brokers and Realtors can reference before submitting a file.
4. Foreign national program criterion
International buyers continue to invest heavily in Miami real estate, and many arrive without a U.S. credit history, W-2 income, or domestic tax returns. Your DSCR wholesale lender needs a dedicated foreign national program that accepts overseas assets, bank reference letters, and alternative documentation.
Tag Lending Group offers foreign national DSCR, full doc, and asset utilization programs specifically structured for non-U.S. citizens purchasing or refinancing investment properties in Florida. Overseas assets can serve as reserves, and, through select investor programs, no domestic credit history is required to qualify.
5–6. Scenario desk and entity documentation support criteria
DSCR investor files are rarely clean. Mixed-use properties, layered LLCs, trust-held assets, and condos with structural reserve questions all require human-level underwriting judgment. Automated decisioning alone will not get these deals across the closing table.
Confirm that the wholesale lender provides a dedicated scenario desk that reviews files before submission. Ask whether that desk helps you package entity documents properly before submission. Tag Lending Group's wholesale team reviews deal scenarios directly and walks broker partners through operating agreements, EIN documentation, and condo questionnaire requirements so files land in underwriting clean and complete.
7. Cash-out refinance flexibility criterion
Years of appreciation have left many Miami investors equity-rich but hard to qualify through traditional channels. LLC vesting, international ownership structures, and tax write-offs that reduce reported income make conventional cash-out refinancing a non-starter for these clients.
Your wholesale DSCR lender should offer cash-out programs that qualify on the property's rental income rather than personal income documentation. Ask whether cash-out is available for condos, condotels, and LLC-held properties. Tag Lending Group's DSCR cash-out refinance programs accommodate these property types and ownership structures, giving your investor clients access to equity without disturbing their tax strategy.
Comparison table: Key DSCR wholesale lender criteria for Miami brokers
| Criterion | What to confirm | Tag Lending Group |
|---|---|---|
| LLC / entity vesting | Closes in LLC without title transfer | ✓ |
| Short-term rentals | Accepts Airbnb/VRBO + AirDNA data | ✓ |
| Condo eligibility | Warrantable + non-warrantable condos | ✓ |
| Condotel eligibility | Hotel-managed condo programs | ✓ |
| Foreign national | No U.S. credit required, overseas assets OK | ✓ |
| Scenario desk | Direct scenario review before submission | ✓ |
| Cash-out on condos/LLCs | Equity access for entity-held properties | ✓ |
What makes DSCR loans different from conventional investor financing?
DSCR loans qualify based on the property's rental income relative to its debt obligations, not the borrower's personal income or employment. For investors holding multiple properties, managing LLCs, or writing off expenses that reduce taxable income, DSCR programs remove the documentation barrier that typically blocks conventional financing.
In Miami specifically, DSCR lending has become essential because of the market's heavy concentration of condos, condotels, and short-term rental properties. These asset types often fall outside standard Fannie Mae and Freddie Mac guidelines, and DSCR programs built for wholesale broker partners address those gaps directly.
Tag Lending Group structures its DSCR programs so brokers can qualify investor clients on property cash flow without tax returns, pay stubs, or employer verification. This opens the door for foreign nationals, self-employed investors, and LLC-based portfolio holders who might otherwise struggle to qualify through traditional channels.
How should brokers prepare a DSCR file for wholesale submission?
A complete file at submission is the single biggest factor in getting an investor loan through underwriting without delays. Brokers who submit partial files often experience extended timelines and stalled deals.
Start with the basics: a signed purchase contract, credit authorization, and proof of funds for the down payment. For LLC-vested transactions, gather the operating agreement, articles of organization, EIN letter, and certificate of good standing before uploading anything.
On the property side, include the current lease or market rent analysis for DSCR calculation, a property insurance quote (especially critical in South Florida where wind and flood premiums directly affect the DSCR ratio), and any condo questionnaire or HOA documentation required by the lender. Tag Lending Group's wholesale support team can help you assemble these pieces before your file reaches underwriting.
Why Tag Lending Group is a strong DSCR wholesale partner for Miami brokers
Miami's investor market demands a wholesale lending partner that works condos, condotels, LLC structures, foreign nationals, and short-term rentals at the file level. Tag Lending Group was built for exactly this market. Headquartered at 335 S. Biscayne Blvd in Miami, the TAG TEAM works these property types and borrower profiles every day.
Tag Lending Group connects you with 100+ investors through a non-delegated correspondent model. More program options. More flexibility on deal execution. The DSCR programs cover every major Miami investor property type, from Brickell condotels to Aventura non-warrantable condos to single-family rental portfolios held in LLCs.
If you are a licensed mortgage broker or MLO looking for a wholesale DSCR partner that handles entity vesting, condo and condotel financing, foreign national programs, scenario desk support, and cash-out refinance flexibility, send your next deal scenario to the Tag Lending Group wholesale team. We will review it and get you an answer.
FAQs about DSCR wholesale lenders in Miami
What is a DSCR loan and why is it popular with Miami investors?
A DSCR loan qualifies based on the property's rental income divided by its monthly debt obligations, not the borrower's personal income. Tag Lending Group offers DSCR programs through its wholesale channel, making this product accessible to mortgage brokers serving Miami's investor community where condos, condotels, and LLCs are common.
Can I close a DSCR loan in an LLC through a wholesale lender?
Yes, some wholesale DSCR lenders accept LLC and entity vesting. Tag Lending Group closes DSCR loans in LLCs across single-family, multi-unit, condo, and condotel property types, which is a key requirement for Miami investors who structure properties in entities for liability protection.
Do wholesale DSCR lenders accept short-term rental income?
Some do and some do not. Tag Lending Group accepts Airbnb and VRBO income for DSCR qualification and permits AirDNA data on purchase transactions through select investor programs. Confirm this with any lender before submitting a short-term rental file.
What should Miami brokers look for in a DSCR lender's condo programs?
Verify the lender finances warrantable condos, non-warrantable condos, and condotels. Tag Lending Group covers all three categories, including projects with high investor concentration or pending litigation, and maintains an approved condo list for brokers.
Are DSCR loans available for foreign national buyers through wholesale lenders?
Availability varies by lender. Tag Lending Group provides foreign national DSCR programs that do not require U.S. credit history. Overseas assets can be used as reserves, and the program accepts bank reference letters and CPA documentation.
How do I submit a DSCR scenario to Tag Lending Group's wholesale team?
Contact the Tag Lending Group wholesale team directly to submit your investor deal scenario for direct review before submission. The team can walk you through entity documentation, condo questionnaire requirements, and program selection so your file reaches underwriting complete and positioned for the right investor.
Ready to move your next Miami investor deal forward? Send a scenario to the Tag Lending Group wholesale team and get direct feedback on your DSCR file before submission.
Tag Lending Group, LLC | NMLS #2329372 | Equal Housing Lender | For licensed mortgage professionals only.
