Any Ohio lenders offering decent DSCR rates on low valued properties?

[William Lemmon]

Sounds sort of silly, but, we're constantly looking at properties in the Akron, OH area, and many of the properties that will yield the highest rents are in the range of $80K to $120K... I have no problem getting document loans in the 7.125 range for these properties, but, can't seem to find any DSCR lenders for properties like this. Are there any out there? —I know it's probably not an ideal size to lend on, but, without question can say we typically get them in volume... 10 to 15 year.

Anyway, any takers?

[Brittany Minocchi]

I'll third what Kristen and Jack said - $75k is the lowest any of my lenders will go on a DSCR. I'm always on the lookout for lenders that go lower, but haven't come across any yet. I'm local to the area and have had quite a few people in the same situation as you.