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Updated almost 2 years ago,
Any Ohio lenders offering decent DSCR rates on low valued properties?
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?