Anyone tried CashCall investor common sense loans ?

[Mike Chern]

I am wondering if this can be a solution for investors with more than 10 investment properties.

They claim that "The property’s cash flow may be utilized for investment properties in lieu of conventional methods". I am interested in what the rate will be. 

Thanks a lot.

[Michael Hoyt]

Hi Mike - Like what Jeff said, DSCR loan are pretty simple to qualify for as no DTI or personal income is looked at in underwriting. Rates I'm seeing are in the low 4's to low 5's for 30 years. I some lenders will still look at your FICO score and investment experience to determine the interest rate. Most DSCR lenders will base their loan (Rates and Leverage) off the income of the subject property, verified by a lease agreement. If the property is vacant, lenders will base the loan off a 1007 report, which is a comparable market rent report for the subject property. This report is included in the appraisal order. Hope this helps!