DSCR Loan ARV Help

[Tyler Halfhill]

Hello, I am considering purchasing a property with a rehab bridge loan and then refinancing with a DSCR loan. However, I am having trouble finding a place to get a good ARV for this DSCR loan. I would think that I have everything that I need: the property details (sq ft, newly rehabbed condition, etc), the property projected income, the location. Can anyone offer some advice on where to go to get the ARV for this type of commercial loan? It's not as simple as pulling comps, because I would need the rental data, too, right? Any help would be appreciated!

-Tyler

[Corby Goade]

Quote from @Tyler Halfhill:

Okay I didn't realize that the ARV would still be based off of the appraisal. I was thinking that DSCR would base the ARV off of the rent. Thank you everyone! Very helpful!

You are correct, but the appraiser will determine that. And trust me, the appraiser and the bank do not give a hoot what you think about the value of the property will be or what the projected NOI will be. They'll do their thing.

Good luck!