DSCR lenders, HML with low or no minimum loan amounts?

[Skyler Shively]

Looking to scale my rental portfolio. I have been in the search of lenders with low or no minimums for purchase/ refi. Have found that most DSCR lenders have 75k-100k minimum loan amounts. I live in a cheaper market with a lot of sub-75k properties. Current lender have no minimums but the fees are high and they want 30% down. Looking to possibly connect with a new lender and discuss my options. Thanks!

[Alex Breshears]

Hi Skyler! As a private lender myself, this is something we routinely fund in my markets because of this lower asset levels. Depending on what state, I may know a private lender in that market. I am the coauthor for BiggerPockets private lending book, Lend to Live.  I mention this because the book can be a blueprint for you to build your own army of private lenders. I work with an active investor in this type of market to help her build this private lender army to fund all her deals. She routinely gets loans for $20k to $50k for her acquisitions, and then after she has enough, she refin's into a portfolio loan with several properties, and then starts again. There are ways! Feel free to send me a message if you have questions, but in case you are interested in learning more about the private lending process here is a link to the book: https://store.biggerpockets.co...