DSCR that allows seller carry for partial down payment?

[Joe Kvidera]

Working on a deal that the seller is open to carrying up to 10% of the down payment. This will be a STR and airdna fully supports a good DSCR. I've spoken to a few lenders, but they are not allowing a seller carry for any of the down. Does anyone have a recommendation of a DSCR lender that will allow a seller carry for the down payment?

Thanks!

Joe

[Eliott Elias]

I have one that can do this 

[Joe Alonso]

I can offer up to 90% CLTV and no debt service is required. Contact me to explore further.

[Erik Estrada]

Yes. This is possible in Hedge fund financing. A minimum of 10-15% down is required though 

[Joe Kvidera]

Quote from @Joe Alonso:

I can offer up to 90% CLTV and no debt service is required. Contact me to explore further.

 Thanks, sent a connection request. 

[Joe Kvidera]

Quote from @Erik Estrada:

Yes. This is possible in Hedge fund financing. A minimum of 10-15% down is required though 

Thanks, sent a private note to learn more.  

[Stephanie P.]

Quote from @Joe Kvidera:

Working on a deal that the seller is open to carrying up to 10% of the down payment. This will be a STR and airdna fully supports a good DSCR. I've spoken to a few lenders, but they are not allowing a seller carry for any of the down. Does anyone have a recommendation of a DSCR lender that will allow a seller carry for the down payment?

Thanks!

Joe

 We can do that as well.

[Rich Manfredi]

Quote from @Eliott Elias:

I have one that can do this 

 Hi Eliott!  Would you mind sharing who please?  Thanks!

[Rich Manfredi]

Quote from @Stephanie P.:

Quote from @Joe Kvidera:

Working on a deal that the seller is open to carrying up to 10% of the down payment. This will be a STR and airdna fully supports a good DSCR. I've spoken to a few lenders, but they are not allowing a seller carry for any of the down. Does anyone have a recommendation of a DSCR lender that will allow a seller carry for the down payment?

Thanks!

Joe

 We can do that as well.

 Hi Stephanie!  Do you lend in TN and how much do you allow the seller to finance and how much does the buyer still need as a down payment please?  Thanks!

[Stephanie P.]

Quote from @Rich Manfredi:

Quote from @Stephanie P.:

Quote from @Joe Kvidera:

Working on a deal that the seller is open to carrying up to 10% of the down payment. This will be a STR and airdna fully supports a good DSCR. I've spoken to a few lenders, but they are not allowing a seller carry for any of the down. Does anyone have a recommendation of a DSCR lender that will allow a seller carry for the down payment?

Thanks!

Joe

 We can do that as well.

 Hi Stephanie!  Do you lend in TN and how much do you allow the seller to finance and how much does the buyer still need as a down payment please?  Thanks!

 We can originate in Tennessee and we have a lender that will allow seller financing up to 90% loan to value. Short term rental is okay.  

[Christian Ehlers]

You can try MyInvestorLoan.com, they usually don’t care if a property has a seller carry portion of financing in 2nd position. 

[Kayce Tackett]

@Stephanie P.

I'm in SC. Do you still offer something like what was described above?  We'd like to purchase several homes in great condition with the seller carrying the down payment.  I'd like to connect if this is something with which you could help us.

[Tim Kwaak]

@Kayce Tackett I've been doing a strategy with buyers that is essentially a double close. Depending on how much the DSCR lender will lend on, my partners and I will cover the remainder. The reason I say this is a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.

Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.

2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.