Fix and Rent and DSCR loans Sub $100k Properties

[Tyler Herman]

Who is a hard money lender doing fix and rent and DSCR loans sub $100k?

Would love if I could find someone willing to lend on $60k-$80k fixers and dscr out with an ARV of $90-120k. Can find these all day but most lenders have a $100k minimum.

Haven’t had luck looking to local banks/credit unions because I know I’ll get that response. 

[Brandon Beardt]

Quote from @Tyler Herman:

Who is a hard money lender doing fix and rent and DSCR loans sub $100k?

Would love if I could find someone willing to lend on $60k-$80k fixers and dscr out with an ARV of $90-120k. Can find these all day but most lenders have a $100k minimum.

Haven’t had luck looking to local banks/credit unions because I know I’ll get that response. 

We've done DSCR deals sub $100K as long as the appraised value comes in at $75K or higher. The FNF deals are tough if the loan amount itself is sub $100K. Not much appetite in the market for those types of deals from what I've seen.