Advice on DSCR loan for cash out refinance

[Grace Santos]

Hello, I'm doing my first DSCR cash out refinance on my short term rental in Indiana. It's currently owned under an LLC. I'm working with a broker right now and just received the initial disclosures. This is where I'm not sure if this is normal. On the initial disclosures it has only my personal name on as the borrower as well as my personal debt listed. They also asked for my personal home mortgage statement. Nowhere on it does it list my LLC as the borrower. It only has my name. I asked the broker about this and he said this is normal and they'll fix it at closing but I didn't feel comfortable signing the disclosures yet unless I knew we were closing in the LLC. I've only used hard money so far with my LLC's and they've never asked for my personal stuff other than to run my credit so I'm just unsure if this is normal or not. Any guidance is much appreciated!

-Grace

[Robin Simon]

It could be normal but generally DSCR Loans shouldn't be looking at that stuff at all, so you may be working with a lender that primarily does conventional/owner-occupied financing and does DSCR on the side so its not as buttoned up as say the process would be with a pure-play focused DSCR lender