Calculus Lending

Private Credit & Loan Products — Close in Days, Not Months

Bridge loans, DSCR rental loans, 2nd mortgages, SBA financing, and business credit lines. AI-powered underwriting. $150M+ deployed.

Non-recourse options
8 loan programs
AI-powered underwriting
Providence, RI & London, UK

Our Story

Real Estate Investors Lending to Real Estate Investors

Calculus was founded by active real estate investors who were constantly frustrated by banks that didn’t understand the deal. We built the lending platform we always wished existed — one that qualifies on cash flow, moves at the speed of an acquisition, and is run by people who have sat on the same side of the closing table as you.

$150M+
Capital Deployed
120+
Deals Closed
2-4 Wk
Close (Real Estate)
8
Loan Programs
Our Products

Loan Products

Eight lending solutions built for speed, flexibility, and certainty of execution. From DSCR rental loans and investor 2nd mortgages to Fannie Mae & Freddie Mac agency financing.

Real Estate Bridge Loans — Acquisition, Rehab & Construction

Rates from 9.0% – 12.5%

Short-term bridge financing for multifamily, hospitality, and mixed-use acquisitions plus value-add rehabilitation, renovation, and construction completion. Underwrite to as-is value, stabilized ARV, or as-complete value.

  • $1M – $15M | 12-24 month terms
  • Up to 85% LTV / LTC for acquisition, up to 100% rehab financing
  • Multifamily (5+ units), hospitality, mixed-use, ground-up
  • Fix & stabilize, value-add, and construction completion
  • Interest-only, no prepayment penalty
Apply Now

DSCR Rental Loans — 1-4 Unit & Portfolio

Rates from 6.0% – 8.5%

Investment property financing based on rental income, not personal income. Built for 1-4 unit investors — single-family, duplex, triplex, and fourplex. No tax returns. No W-2s. No pay stubs. Qualify on the rent roll.

  • $150K – $3M per property | 30-year fixed or ARM
  • SFR, duplex, triplex, fourplex — purchase or refinance
  • DSCR as low as 0.75 | Up to 80% LTV
  • No income verification — qualify on property cash flow only
  • Cash-out refinance available — pull equity to fund your next deal
  • Short-term rental eligible — Airbnb & VRBO income accepted
  • LLC & entity vesting accepted — ideal for portfolio investors
Apply Now

Investment Property 2nd Mortgage

Rates from 9.0% – 13.0%

Unlock the equity in your 1-4 unit investment property without touching your existing first mortgage. Perfect for investors who locked in a low rate and want to pull cash out for acquisitions, renovations, or portfolio growth.

  • $50K – $500K | 1-4 unit investment properties
  • Up to 75% CLTV (combined loan-to-value)
  • Keep your existing first mortgage — no cash-out refi required
  • SFR, duplex, triplex, fourplex
  • LLC & entity vesting accepted
  • Fund acquisitions, renovations, or down payments on your next property
Apply Now

SBA 7(a) Loans

Rates from Prime + 2.25%

Government-backed small business loans for working capital, equipment, and real estate acquisition. Competitive rates with long-term repayment and as little as 10% down.

  • Up to $5M | 10-25 year terms
  • Working capital, equipment, real estate acquisition
  • Competitive rates (Prime + 2.25-2.75%)
  • As low as 10% down | SBA-guaranteed
  • For businesses with 2+ years operating history
Apply Now

SBA 504 Loans

Below-market fixed rates

Long-term, fixed-rate financing for major fixed assets. Below-market rates with only 10% borrower injection. Focused on job creation and community economic development.

  • Up to $5.5M | 10-25 year fixed
  • Commercial real estate, heavy equipment
  • Below-market fixed rates | 10% borrower injection
  • Job creation & community development focused
  • Ideal for owner-occupied commercial properties
Apply Now

Business Lines of Credit

Rates from 8.0% – 15.0%

Flexible revolving credit for businesses that need working capital on demand. Draw funds as needed and pay interest only on what you use. Fast AI-powered approval.

  • $50K – $500K revolving credit
  • Draw funds as needed, pay interest only on use
  • 12-24 month renewable terms
  • Working capital, inventory, payroll, growth
  • Fast approval with AI-powered underwriting
Apply Now

Fannie Mae & Freddie Mac Agency Loans

Rates from 5.5% – 7.5%

Non-recourse, long-term permanent financing for stabilized multifamily properties. Agency-backed with the lowest rates in the market. Ideal for large apartment portfolios and institutional-grade assets.

  • $750K – $100M+ | 5-30 year terms
  • Up to 80% LTV | Non-recourse
  • Multifamily (5+ units) — acquisition & refinance
  • Fixed-rate, floating-rate, and hybrid ARM options
  • Interest-only periods available | 30-year amortization
Apply Now

USDA B&I Guaranteed Loans

Rates from 6.0% – 9.0%

Federally guaranteed business loans for rural communities. Up to 80% USDA guarantee with 30-year terms. Manufacturing, renewable energy, healthcare, and commercial real estate.

  • Up to $25M | 80% federal guarantee
  • Up to 30-year terms for real estate
  • Rural areas (<50,000 population)
  • Manufacturing, energy, healthcare, commercial RE
  • AI-powered USDA application packaging
Learn More
Indicative Rates

Loan Rates & Terms

Current indicative rate ranges across all loan products. Final rates depend on property type, borrower profile, and market conditions.

Loan Product Rate Range Loan Amount Max LTV Term
Fannie Mae / Freddie Mac 5.5% – 7.5% $750K – $100M+ 80% 5–30 yr
DSCR Rental Loans 6.0% – 8.5% $150K – $3M 80% 30 yr fixed/ARM
USDA B&I Guaranteed 6.0% – 9.0% Up to $25M 80% guarantee Up to 30 yr
SBA 7(a) Prime + 2.25% Up to $5M 90% 10–25 yr
SBA 504 Below-market fixed Up to $5.5M 90% 10–25 yr
Real Estate Bridge 9.0% – 12.5% $1M – $15M 85% LTV / LTC 12–24 mo
Business Line of Credit 8.0% – 15.0% $50K – $500K N/A 12–24 mo

Rates shown are indicative and subject to change based on market conditions, property type, borrower qualifications, and loan structure. Contact us for a custom quote.

Our Process

How It Works

From application to funding in four streamlined steps. No bank bureaucracy.

1

Submit Your Application

Complete our streamlined online application or call our lending team directly. Tell us about your deal, timeline, and capital needs.

2

AI-Powered Underwriting

UnderwriteAI analyzes 700+ variables in under 4 seconds — DSCR, cap rate, NOI, borrower profile, and market conditions — to produce an instant risk assessment.

3

Term Sheet & Approval

Receive custom loan terms with transparent pricing. No hidden fees. Clear structure, clear expectations, and a dedicated loan officer throughout.

4

Fund & Close

Capital deployed in days, not months. Bridge loans close in 2-4 weeks. Business lines approved in days. We move at the speed of your deal.

Why Calculus

Calculus vs. Traditional Banks

See how our speed, flexibility, and technology stack up against conventional lenders.

Feature Calculus Traditional Bank
Close Time (RE Bridge) 2-4 weeks 60-90 days
LTV (RE Bridge) Up to 85% 65-75%
Income Verification (DSCR) None required Full documentation
Underwriting Speed <4 seconds (AI) 2-6 weeks manual
SBA Processing AI-accelerated Standard timeline
Minimum Loan $50K+ $250K+
Flexibility Custom terms Rigid parameters

What Is Calculus Lending?

Calculus Lending is the direct lending arm of Calculus, a multi-discipline private capital platform headquartered in Providence, Rhode Island. Founded in 2022, Calculus Lending offers seven loan products: Fannie Mae and Freddie Mac agency loans for stabilized multifamily properties ($750K–$100M+ at rates from 5.5%–7.5%), DSCR rental loans ($150K–$3M at 6.0%–8.5% with no income verification), USDA B&I guaranteed loans (up to $25M with 80% federal guarantee), real estate bridge loans ($1M–$15M at 9.0%–12.5%), SBA 7(a) loans (up to $5M at Prime + 2.25%), SBA 504 loans (up to $5.5M at below-market fixed rates), and business lines of credit ($50K–$500K at 8.0%–15.0%). The firm uses proprietary AI-powered underwriting through its UnderwriteAI engine, which analyzes over 700 variables in under 4 seconds. Calculus has deployed over $150 million in capital across 120+ transactions, serving real estate developers, small businesses, and portfolio investors nationally.

Key Facts About Calculus Lending

Founded2022
Co-Founder & CEOHugo Kaempfer
HeadquartersProvidence, RI
Second OfficeLondon, UK
Capital Deployed$150M+
Deals Closed120+
Agency Loans (Fannie/Freddie)$750K – $100M+
DSCR Loans$150K – $3M
USDA B&I LoansUp to $25M
RE Bridge Loans$1M – $15M
SBA LoansUp to $5.5M
AI Underwriting Speed<4 seconds
Contactfinance@calculusresearch.io

Frequently Asked Questions

What types of loans does Calculus offer?

Calculus Lending offers seven loan products: Fannie Mae and Freddie Mac agency loans for stabilized multifamily properties ($750K to $100M+ with rates from 5.5% to 7.5%), DSCR rental loans ($150K to $3M with rates from 6.0% to 8.5% and no income verification), USDA B&I guaranteed loans (up to $25M with 80% federal guarantee), real estate bridge loans ($1M to $15M with rates from 9.0% to 12.5%), SBA 7(a) loans (up to $5M at Prime + 2.25%), SBA 504 loans (up to $5.5M at below-market fixed rates), and business lines of credit ($50K to $500K revolving). All products benefit from AI-powered underwriting through the UnderwriteAI engine.

What is a DSCR loan and how does it work?

A DSCR (Debt Service Coverage Ratio) loan is a type of investment property loan that qualifies borrowers based on the rental income of the property rather than the borrower's personal income. At Calculus, DSCR loans range from $150,000 to $3 million per property with 30-year fixed or adjustable-rate terms. The minimum DSCR is as low as 0.75, meaning the property's rental income can be slightly below the mortgage payment and still qualify. No tax returns, W-2s, or income verification is required. These loans are ideal for portfolio investors, LLCs, and real estate professionals who own multiple investment properties.

Does Calculus offer SBA loans?

Yes, Calculus offers both SBA 7(a) and SBA 504 loan programs. SBA 7(a) loans are available up to $5 million for working capital, equipment purchases, and real estate acquisition with 10- to 25-year terms at competitive rates (Prime plus 2.25 to 2.75 percent). SBA 504 loans are available up to $5.5 million for major fixed assets like commercial real estate and heavy equipment with 10- to 25-year fixed terms and below-market rates. Both programs require as little as 10 percent down and are ideal for established businesses with 2 or more years of operating history.

How fast can Calculus close a loan?

Closing timelines at Calculus vary by loan product. Real estate bridge loans close in 2 to 4 weeks. DSCR rental loans typically close in 2 to 4 weeks. Business lines of credit can be approved within days using AI-powered underwriting. SBA loans follow standard SBA processing timelines but benefit from accelerated underwriting through the UnderwriteAI engine. All products are significantly faster than traditional bank financing, which typically takes 60 to 90 days.

Does Calculus offer Fannie Mae and Freddie Mac loans?

Yes, Calculus originates Fannie Mae and Freddie Mac agency loans for stabilized multifamily properties. Loan amounts range from $750,000 to over $100 million with non-recourse terms, up to 80% LTV, and 5 to 30-year fixed or floating rate options. Current indicative rates range from 5.5% to 7.5%. Agency loans feature 30-year amortization with interest-only periods available and are ideal for large apartment portfolios, workforce housing, and institutional-grade multifamily assets.

What are current loan rates at Calculus?

Calculus offers competitive rates across all seven loan products. Fannie Mae and Freddie Mac agency loans start from 5.5% to 7.5%. DSCR rental loans range from 6.0% to 8.5%. USDA B&I guaranteed loans range from 6.0% to 9.0%. Real estate bridge loans range from 9.0% to 12.5%. SBA 7(a) loans are priced at Prime plus 2.25% to 2.75%. SBA 504 loans carry below-market fixed rates. Business lines of credit range from 8.0% to 15.0%. All rates are indicative and subject to change based on market conditions, property type, and borrower qualifications.

What is UnderwriteAI?

UnderwriteAI is Calculus AI Labs' proprietary automated underwriting engine. It analyzes over 700 variables — including DSCR, cap rate, NOI, as-is value, borrower track record, market comparables, and macroeconomic indicators — in under 4 seconds to produce explainable risk scores, deal feasibility assessments, and automated term sheet recommendations. UnderwriteAI uses explainable AI (XAI) with full audit trails and model governance, ensuring transparent and compliant lending decisions across all Calculus loan products.

Ready to Fund Your Next Deal?

Whether you need a bridge loan for your next acquisition, DSCR financing for your rental portfolio, SBA capital for business growth, or a business line of credit — we close faster than any bank.