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Updated about 2 years ago on . Most recent reply

User Stats

258
Posts
66
Votes
Wendy S.
  • Ellenwood, GA
66
Votes |
258
Posts

DSCR loan, Florida Property

Wendy S.
  • Ellenwood, GA
Posted

Hi BPers

So I'm looking to buy an off market property in Lakeland FL with a DSCR loan.

Can anyone shed some light on the area, this loan product and possible recommendations for closing attorneys in Lakeland FL, I'm in GA.

I'm seeing interest rates 7.5 to 8.5% with 25% down. Speaking with another Lender for 20% Dp as well.

PV should be around $200K with existing Tenant remaining in place.

Pp = $150/160K

Thanks

  • Wendy S.
  • Most Popular Reply

    User Stats

    695
    Posts
    386
    Votes
    John O'Leary
    • Lender
    • Winter Park, FL
    386
    Votes |
    695
    Posts
    John O'Leary
    • Lender
    • Winter Park, FL
    Replied

    Hi Wendy,

    I'd be happy to connect and see what options you have available to you. I'm in Orlando and can also give you investor friendly title companies and attorneys in the area. Lakeland is about 15-20 min away.

  • John O'Leary
  • [email protected]
  • 800-663-4122
  • Loading replies...