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Updated about 1 year ago on . Most recent reply

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

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).