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Updated 11 months ago on . Most recent reply
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DSCR Loan Rates
Hi-
I have a DSCR loan at $1.575M with 75% LTV and DSCR ratio is just over 1.0. Credit score is 736. I am being quoted a 8.25% on a 2 YR PPP. Is this competitive?
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Quote from @Trey Belmore:
It is a new construction single family 1-unit residence. Refinancing to payoff the construction note and also getting cash out. Property valued at ~$2.1M. Just trying to determine if this rate is competitive with the market.
Based on the info you gave, it's competitive:
Sample pricing chart. Numbers in parenthesis is a credit to the transaction.
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- Stacy Raskin
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Bright Skyline
13 Reviews
5.0 stars