Any DSCR Lenders at 80 LTV?

[Jorge Gonzalez]

Hi everyone, I have a duplex in Dallas, Texas that I'm looking to cash out refinance. I'm looking to see if there are any DSCR or private lenders that lend at 80LTV terms. LLC is in place and credit score is 740+ experienced investor with 7 properties. Thank you in advance ! 🙏🏽

Estimated value = $650k

Estimated rents = $5,500

Estimated mortgage (PITI) = $4400

Debt service is at 1.25. 

Would love to establish relationship with a lender that offers this loan product. 

- Jorge 

[Brandon Beardt]

Quote from @Jorge Gonzalez:

Hi everyone, I have a duplex in Dallas, Texas that I'm looking to cash out refinance. I'm looking to see if there are any DSCR or private lenders that lend at 80LTV terms. LLC is in place and credit score is 740+ experienced investor with 7 properties. Thank you in advance ! 🙏🏽

Estimated value = $650k

Estimated rents = $5,500

Estimated mortgage (PITI) = $4400

Debt service is at 1.25. 

Would love to establish relationship with a lender that offers this loan product. 

- Jorge 

Hi Jorge,

I personally have not found any DSCR lenders offering 80% LTV on C/O refinances at this time, even with good FICO and experience. But there's a chance there's one out there. From what I've seen, most can only go up to 75% LTV right now for C/O. I only see 80% LTV available for DSCR purchases and R/T refis now a days. What's the reasoning for wanting such a high LTV? Do you just want to maximize your approved leverage, do you have a high payoff amount, or something else