DSCR Lender on Columbus OH BRRRR

[Seth O.]

Hi BP,

I'm looking for help finding a lender that is still doing DSCR cash-out refi's on investment properties. Hoping to pull at least 75% (ideally 80%) of ARV out of the deal, and wondering what the rates are looking like in todays market. The property is in Columbus OH and here are the details:

Duplex

3 bed/2 bath per side

Purchase: 150K

Rehab:153KEstimated ARV: $425K

Rental income: $1695/side = $3390/month or $40,680/yearCurrently owned free and clear

Any advice/direction would be greatly appreciated! Thank you!

[Remington Lyman]

Quote from @Seth O.:

Hi BP,

I'm looking for help finding a lender that is still doing DSCR cash-out refi's on investment properties. Hoping to pull at least 75% (ideally 80%) of ARV out of the deal, and wondering what the rates are looking like in todays market. The property is in Columbus OH and here are the details:

Duplex

3 bed/2 bath per side

Purchase: 150K

Rehab:153KEstimated ARV: $425K

Rental income: $1695/side = $3390/month or $40,680/yearCurrently owned free and clear

Any advice/direction would be greatly appreciated! Thank you!

 I can send you a list of lenders here in Ohio that do this