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Updated about 1 year ago,
Any recommendations for a DSCR lender?
Hello!
Sorry if this is the wrong subforum to ask this...
Anyone have any DSCR lenders they could recommend? I'm not sure if this is possible, but do DSCR lenders loan up to 90% LTV or is every lender around the 70%-80% mark? I'm primarily a fix n flipper type of investor and come across of a lot of great multi family deals in my area. Only issue is that I don't wanna go deep into my pockets, like a 20% down payment jusstt yet. Most multifamily properties go for around the 700k mark around me, so dishing out a $140k down payment kinda slows down my flipping business. If 90% is unrealistic, then i'd still like a recommendation of a DSCR lender, in the case I come across a multifamily building I really like that i'm willing to go crazy on haha. Also, a lender that is able to do 5+ units as most multi family buildings I come across are usually 6 units.
Thanks!