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Updated about 1 year ago on . Most recent reply
![Robert Rutledge's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2185167/1694584003-avatar-robertr650.jpg?twic=v1/output=image/cover=128x128&v=2)
DSCR Lender Suggestions?
I've been in touch with a lender for a DSCR cash out throughout the rehab process on a purchase through an LLC.
We are now ready to move forward, but the terms have now changed.
Before proceeding, I wanted to check in on here and see if there's any suggestions of lenders people have had a good experience with.
Details:
- MFH
- Memphis, TN
- DSCR ~1.5
- Est. Appraised Value = $180k
Being offered 70% LTV cash out at 7.5% and 2% origination for 30 year fixed, with a 5yr. prepayment penalty structure.
We have not completed one of these loans yet, so trying to learn as much as I can - any help/insight is greatly appreciated!
Most Popular Reply
![Ryan Stuckey's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2565727/1699321925-avatar-ryanstuckey.jpg?twic=v1/output=image/crop=2582x2582@516x0/cover=128x128&v=2)
That's pretty fair and reasonable with the current market...that's right where we are at nowadays on that kind of property profile (and with good personal credit).