Hoping to get a survey of DSCR Loan Rates

[Carlo D.]

Acknowledging that a whole host of factors goes into determining the interest rate on a DSCR loan, I was hoping to get a census of what DSCR interest rates you got (or see your clients getting) to get a general idea of the cost of these loans. TIA.

[Robin Simon]

Quote from @Carlo D.:

Acknowledging that a whole host of factors goes into determining the interest rate on a DSCR loan, I was hoping to get a census of what DSCR interest rates you got (or see your clients getting) to get a general idea of the cost of these loans. TIA.

I can share that for July so far through 62 Loans funded, we have an average DSCR interest rate of 7.716% with a range from 6.875% to 9.000%. However, generally there is about a month or two lag with DSCR Loans between what is being quoted today and what is funding today due to deal cycle, and while there has been a ton of volatility recently, newer quoted rates are dropping and I'd expect our average to be a bit lower by the time July is through and for August - probably in the low sevens range