20% DSCR or private lending help

[Keegan Schaub]

Hi, I have an offer on a property that is $700k, projecting 15% COC $2-3k/mo cashflow (conservatively). Strategy STR.

Problem is I don't qualify for conventional lending due to my DTI ratio and current DSCR quotes are at 25% 7.5-8.5% rate which would use all of my working capital none left for reserves.

Wondering if anyone has ideas on how to get this property financed? I would do a 20% DSCR if I was given the option but has to use Airbnb/Airdna rental income projections.

My DTI is high because of student loans and I bought a STR property in 2022 that hasn't filed taxes on it yet.

Thanks!

[Robin Simon]

There are DSCR lenders out there that will do 80% LTV STRs with AirDNA, check out the BP Mortgage Lenders Page!:

https://www.biggerpockets.com/...