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Updated 10 months ago, 03/04/2024
DSCR loans for STR purchase in Florida
Hi folks! I am about to enter contract on a ~$800k SFH in the Miami metro area in Florida. Looking for DSCR loans, and I was wondering what experience people have had with them. Coverage would be close to 100%, depending on the interest rate and what rental revenue is assumed during the purchase. 20-25% down is fine. Has anyone done similar deals recently? Any good lenders to contact and/or what rates should I expect to find?