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Updated over 2 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Ihor Kucheynyk
  • Investor
  • Panama City, FL
1
Votes |
10
Posts

Looking for quick financing

Ihor Kucheynyk
  • Investor
  • Panama City, FL
Posted

Hey BP community

I'm looking for a DSCR loan, I'm negotiating a great deal in the prime location, which I believe is under market value, the lender needs to be able to appraise the deal in house as traditional appraisals are taking too long and not gonna work in this case

Will apreciate any help

Most Popular Reply

User Stats

319
Posts
155
Votes
Issac San Miguel
  • Lender
  • Austin Texas
155
Votes |
319
Posts
Issac San Miguel
  • Lender
  • Austin Texas
Replied

You aren't going to find quick and DSCR in the same category.

The underwriting that is done takes a while.

In this case, if you wanted to go quickly - I would suggest a purchase bridge, and then roll into a dscr loan.

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