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Updated 11 months ago on . Most recent reply

User Stats

10
Posts
5
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Trey Belmore
  • Lender
  • Dallas, TX
5
Votes |
10
Posts

DSCR Loan Rates

Trey Belmore
  • Lender
  • Dallas, TX
Posted

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?

Most Popular Reply

User Stats

742
Posts
258
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Stacy Raskin
  • Lender
258
Votes |
742
Posts
Stacy Raskin
  • Lender
Replied
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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Bright Skyline
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