The Instant Term Sheet (listed in ChatGPT as Instant DSCR Term Sheet) from National Loan Provider gives real estate investors written DSCR loan terms on a 1–4 unit investment property, emailed as a PDF. Request it through ChatGPT, Claude or the website at /instant-term-sheet. Instant where the deal fits the programs; otherwise an answer within 24 hours.
For most of my career, getting terms on an investment loan meant a form, a wait for a callback, and a number read over the phone. You wrote the offer with a number and no idea what it rested on or how long it was good.
I built the Instant Term Sheet to end that cycle. You describe the deal, and what comes back is on paper: the terms, what they were priced on, and when they stop being good.
What is the Instant Term Sheet?
The Instant Term Sheet is National Loan Provider's tool for getting written, priced terms on a DSCR loan without a phone call. It covers business-purpose loans on non-owner-occupied 1–4 unit investment properties, for a purchase, a rate-and-term refinance or a cash-out refinance.
National Loan Provider is a mortgage brokerage. It arranges, structures and places business-purpose financing across 100+ third-party lenders; it is not a lender and does not make credit decisions. The tool prices the deal against current wholesale rate sheets and emails the term sheet, PDF attached, with a private download link. No fee and no hard credit pull.
A copy of every instant term sheet goes to Dominick Prevete, who personally follows up on every request; every term sheet names a direct call to him as the next step.
There are three ways in:
| AI assistant (ChatGPT, Claude) | Website | Call Dominick | |
|---|---|---|---|
| What you provide | The deal details in the checklist below; the assistant asks for anything missing | The deal details in the checklist below | The deal, by phone |
| What you get back | A written term sheet by email, PDF attached, or the 24-hour answer with the items it could not confirm | Same as the assistant | A written term sheet |
| How fast | Instant where the deal fits the programs; otherwise an answer within 24 hours. | Instant where the deal fits the programs; otherwise an answer within 24 hours. | "Written term sheet within 24 hours — rate, leverage, and structure." |
How do I get a DSCR term sheet from ChatGPT?
The Instant Term Sheet is published in the ChatGPT plugin directory as Instant DSCR Term Sheet. Search the ChatGPT plugin directory for Instant DSCR Term Sheet and install it. In a chat, describe the deal in plain English; the assistant asks for whatever is missing.
You do not need field names. Tell it the address, the price, the rent and how you are buying, the way you would tell me. It asks for the rest, has you confirm the three representations every request requires, and sends the request. The term sheet comes to your email.
Claude, and any other assistant that connects to a remote MCP server, adds the same tool as a connector by URL. The click-by-click steps are on the Instant Term Sheet page.
How do I get a DSCR term sheet on the website?
On the website, the Instant Term Sheet starts with a DSCR calculator, with a three-step form directly beneath it. The calculator answers the question to ask before anything else: does the rent carry the payment?
Run the numbers with your own rate guess, then carry them into the form. A deal that works in the calculator can still come back for a person to write, because the term sheet is priced at current rates, not at your guess.
To test a deal with no form attached, use the standalone DSCR calculator. For how DSCR loans work in general, start there.
What's on a DSCR term sheet?
Every Instant Term Sheet shows the note rate, the payment, the coverage and the terms behind them, along with the date of the rate sheet it was priced on and an expiry.
| Item | What it tells you |
|---|---|
| Note rate | The interest rate the loan is priced at. |
| Origination options | The ways to pay for the loan at closing, where the program allows them. |
| Monthly P&I | Principal and interest on the loan amount. |
| Monthly PITIA | P&I plus taxes, insurance and any HOA dues: the full monthly payment the lender divides into the rent. |
| DSCR | Monthly rent divided by PITIA. The lender's own DSCR calculation governs. |
| Alternate products | Other structures, such as ARMs, where available. |
| Prepayment terms | How long a prepayment penalty runs and how the pricing lender calculates it. |
| Lender fees | The lender's own charges on the loan. |
| Assumptions | What the terms rest on, including your own representations as relayed. |
| Rate sheet date | The sheet the terms were priced on and when that sheet was last confirmed current. |
| Expiry | The date the terms stop being good. |
The last two rows matter more than they look. Rate sheets move, and terms are only as good as the sheet they were priced on. Each term sheet is good until the rate sheet it was priced on expires, at most 7 days after that sheet was last confirmed. The download link expires with it. For how DSCR pricing moves, see the DSCR rates page.
DSCR is the monthly rent divided by PITIA. The lender's own DSCR calculation governs.
Illustrative example. A property rents for $3,600 a month, and its monthly PITIA is $2,900. The DSCR is 3,600 ÷ 2,900 = 1.2414, shown on the term sheet as 1.24.
What do I need to have ready?
The Instant Term Sheet needs the deal itself, the borrower's profile and three representations. Have these ready before you start:
- Full street address: number, street, city, state and ZIP. Required on every request, purchase or refinance. No "TBD."
- Purchase, rate-and-term refinance, or cash-out refinance.
- Purchase price (purchases) and the property's estimated value (always).
- Loan amount.
- Units and property type.
- Monthly rent. For a short-term rental, the 12-month average gross monthly rent.
- Annual property taxes and insurance; HOA dues and flood insurance if any.
- Credit score (self-reported), or that there is none.
- Citizenship or residency.
- How title will vest: an existing entity, an entity formed before closing, or personal name.
- Any bankruptcy, foreclosure, short sale or deed in lieu, and mortgage payment history for the last 12 months.
- Prepayment preference.
- Lot size and any ADUs.
Prepayment works differently by route. On the website form, "Not sure" uses a 5-year prepay. Through an AI assistant, leaving prepayment out means the deal cannot be priced instantly, so give the term and structure you want.
Optional details are still worth giving. An optional detail left out "can only send the deal to Dominick for review, never price it wrong." Lot size, ADUs, prepayment and 12-month mortgage payment history all affect whether a deal prices instantly.
What happens if my deal doesn't price instantly?
When a deal does not fit a program instantly, the Instant Term Sheet hands it to a person. That happens when a program's guidelines turn on something the request left out or the rate sheet does not settle, when the property has more units than instant term sheets cover, or when instant pricing is paused.
The answer you get is "Written term sheet within 24 hours — rate, leverage, and structure." It lists, in plain sentences, each item that could not be confirmed against program guidelines, and Dominick follows up by email.
That list is your to-do list. Supply the optional details you left out, try a lower loan amount, or reconsider how title will vest.
What you never get is a silent decline. An exception is not a decision on the deal: it means a person, not the tool, answers it.
Why do prepayment terms differ between lenders?
On the Instant Term Sheet, prepayment terms differ because each lender writes its own penalty formula, and the term sheet prints the formula of the lender that priced the deal. Two term sheets that both say "declining" can cost very different amounts to exit early.
When an investor asks for a declining prepay, lenders mean different things. For some it is a step-down schedule, such as 5-4-3-2-1 over five years, which is how the website form labels it. For others it is a balance-based formula: six months' interest on a portion of the outstanding balance. Read that line before you write an offer, because what it costs to sell or refinance early depends on it.
Vesting changes the options too. In New Jersey, N.J.S.A. 46:10B-2 provides that a mortgage loan may be prepaid by or on behalf of a mortgagor at any time without penalty. N.J.S.A. 46:10B-1 defines "mortgagor" to include any person other than a corporation, and defines a "mortgage loan" by reference to property with one to six dwelling units. On a New Jersey request vested in the investor's personal name, the term sheet's Assumptions stated that the loan carries no prepayment penalty and was priced on that basis. The term sheet shows how your vesting was treated.
Is the Instant Term Sheet a commitment to lend?
No, the Instant Term Sheet is not a commitment to lend. Every term sheet says so in its header: This term sheet is indicative and not a commitment to lend; final terms are set at rate lock.
The disclosure on every term sheet goes further. It is not a commitment to lend or an offer of credit, and it is not an underwriting assessment of the borrower, the property or the transaction.
Written terms still beat a verbal estimate when you are making an offer. You can see the structure, the fees and the assumptions, and you know the date the terms stop being good.
The tool asks every investor to confirm business purpose and non-owner occupancy for a reason. Under the CFPB's Regulation Z official interpretation, comment 3(a)-4, credit to acquire, improve or maintain rental property that is not owner-occupied is deemed to be for business purposes, regardless of the number of units. An owner who expects to occupy the property more than 14 days during the coming year cannot treat it as non-owner-occupied under that rule.
Who is the Instant Term Sheet for, and who isn't it for?
The Instant Term Sheet is for real estate investors with a deal in hand: an address, a price or a value, and a rent.
Financing is business-purpose investor financing only; National Loan Provider does not arrange financing on owner-occupied residential properties or primary residences. Owner-occupied properties, second homes and consumer-purpose loans are out of scope. A request that does not make all three representations (business purpose, non-owner-occupied, and title vesting as stated) is answered as out of scope and not priced.
A property with more than four units is priced by hand: it goes to the 24-hour path, or call me directly. See loans Dominick has arranged, or read more about me.
FAQ
Does the Instant Term Sheet pull my credit? No. The Instant Term Sheet runs on a self-reported credit score, and a borrower with no score can still submit. No fee and no hard credit pull.
Can I use the Instant Term Sheet for a refinance or cash-out? Yes. The Instant Term Sheet covers rate-and-term and cash-out refinances, with the same full-address requirement as a purchase. The payoff of existing liens and the months you have owned the property help it price; if months owned is left out, it is taken as at least six months and the term sheet says so.
Does the Instant Term Sheet work for short-term rentals? Yes. Give the 12-month average gross monthly rent. The property must still be non-owner-occupied, and under the CFPB's Regulation Z commentary an owner who expects to stay in it more than 14 days in the coming year cannot treat it as non-owner-occupied.
Can my AI assistant request the Instant Term Sheet for me? Yes. Any AI assistant that connects to a remote MCP server can request it. The assistant asks you for whatever is missing, you make the three representations, and the term sheet is emailed to you.
Does the Instant Term Sheet work in Claude? Yes. Add the Instant Term Sheet to Claude as a custom connector; the setup steps are on the Instant Term Sheet page. No key or sign-in is needed.
Have a deal in hand? Run the numbers at /instant-term-sheet, or call Dominick Prevete directly at (908) 220-6404.
Dominick Prevete 31 years in real estate finance. Founder, National Loan Provider. 25 Main Street, Unit B, Sparta NJ.
Loans are for business purposes only and are not subject to TILA, RESPA, or HOEPA. Not for primary residences. Equal Housing Opportunity. All loans subject to underwriting approval. Rates and terms shown for illustration; actual rates depend on deal specifics. National Loan Provider does not arrange financing on owner-occupied residential properties. Every loan we arrange is business-purpose investor financing.