🤔Q: What is a rate ceiling (cap) on a hybrid ARM DSCR Loan?

➡️A: A limit on how high the rate can ever go once the loan enters its floating period. Ceilings are typically 5-6% above the initial rate. For example, a Hybrid (Fixed to ARM) DSCR Loan starting at 7% with a 6% ceiling can never exceed 13%, even if the margin plus index is higher.

DSCR Loan Rate Structure (Fixed vs. Floating vs. Hybrid (Fixed to ARM))
https://harpooncapital.com/dscr-loans-guide/dscr-loan-rate-structure-fixed-vs-floating-vs-hybrid-fixed-to-arm

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