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Updated over 1 year ago,
Can you use a DSCR Loan to Finance a Development?
Hello,
I'm looking to develop 7 acres that I have (Free and Clear) into a self storage facility (Mainly Parking, not much Real Property). Would I be able to use my Single Family LTR as collateral in a DSCR loan for construction? I'm 1099 and my Fiancé just financed another rental and I'm not sure if we would qualify for a traditional loan.