Updated almost 9 years ago on . Most recent reply
DSCR finance question
Is it common for banks not to consider revenue on a new construction multi-plex? I'm looking to finance student housing in the form of 2x30 unit complexes. Total cost of construction 2mil. The bank is telling me that I would have to cover 100% of debt service. Even at a 25% occupancy I can cover. 1.5 DSCR.
Please advise..
Thank you!



