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Updated about 2 years ago on . Most recent reply

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Miles Juschka
  • Columbus, OH
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DSCR loans in OHIO

Miles Juschka
  • Columbus, OH
Posted

Hello BP community. We have 4 contracts in Ohio on duplexes that all 4 have 100k purchase price and $75,000 loan amounts. Does anyone know of any DSCR lenders (quick close) that may be able to help with this? Traditional financing will push the closing date back to far as this needs to close in less than 2 weeks.

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Joshua Janus
  • Realtor
  • Cleveland, OH
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Joshua Janus
  • Realtor
  • Cleveland, OH
Replied
Quote from @Miles Juschka:

Hello BP community. We have 4 contracts in Ohio on duplexes that all 4 have 100k purchase price and $75,000 loan amounts. Does anyone know of any DSCR lenders (quick close) that may be able to help with this? Traditional financing will push the closing date back to far as this needs to close in less than 2 weeks.

I don't know any DSCR lenders that can close < 2 weeks. I would try hard money.

https://wildcatlending.com/

They are great for Ohio- reach out to Alex Rose. 

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