DSCR requiring painting

[Salvador Covarrubias]

We have a 2 unit property under contract for 59,500. After going through the entire process to try and obtain a DSCR loan we were denied at the last minute. lender stated the entire property would need to be painted has anyone ever come across this on this type of loan?

[Robin Simon]

Quote from @Salvador Covarrubias:

We have a 2 unit property under contract for 59,500. After going through the entire process to try and obtain a DSCR loan we were denied at the last minute. lender stated the entire property would need to be painted has anyone ever come across this on this type of loan?

Check the appraisal if they noted it as "Deferred Maintenance" - most DSCR Lenders will require the property to be fully turnkey and either $0 or up to a very small amount, like $2k deferred maintenance noted