DSCR loans and what to do

[Randall Re II]

As a real estate investor seeking a Debt Service Coverage Ratio (DSCR) loan, you should reach out to multiple commercial lenders such as banks, credit unions, and alternative lenders. It's recommended to compare the rates and terms offered by different lenders to find the best deal for your specific needs and financial situation. You may also consider working with a commercial mortgage broker who can assist you in finding the best lender for your DSCR loan and negotiating the best rates on your behalf.

I'm going through this process now of researching for one for when I start my search in March for my first Airbnb as I don't have a traditional w-2. I know it's hard to find money when starting out. However, I'm in the same boat. Finding someone with money but no time is the key as I'm working on that myself. 

[Jonathan Taylor]

STR lending for first timers is a challenge in this market. If you are buying an existing STR with at least 12 months of operational history (receipts from VRBO/Airbnb etc) there are lenders willing to lend on that scenario.

Im biased but agree that working with a broker is a better option. Since we do a lot of volume with our lenders, we get wholesale rates, vs if a borrower went direct, they get retail rates. So working with a broker, you get access to lenders you may not be aware of and lower rates than if you were shopping on your own. Win-win