Updated almost 3 years ago on . Most recent reply
Looking for a dscr loan, 75% ltv, low cash reserves, 680 credit.
We were in the process of refinancing a hard money loan on a property, looks like we are about to be declined because we only have about 10k we can show right now. The big problem is that between this and another home we have not finished yet we have 60k cash into the two projects. The lender is looking at us as being not liquid enough, but without refinancing the two properties, they are right. Does anyone have a suggestion how I could get past this point?