Re; DSCR - anybody doing $10M loan amount DSCR with 50% down on $20M property

[Anthony Williams]

Re; DSCR - anybody doing $10M loan amount DSCR with 50% down on $20M property with no ratio financing? this seems to be a bigger challenge even though borr is 750 credit - 24 months PITI reserves and looking for these larger - currently I can go upto $8M DSCR with 50% to 60% ltv. this is for mulit states - not just california.

[Erik Estrada]

Quote from @Anthony Williams:

Re; DSCR - anybody doing $10M loan amount DSCR with 50% down on $20M property with no ratio financing? this seems to be a bigger challenge even though borr is 750 credit - 24 months PITI reserves and looking for these larger - currently I can go upto $8M DSCR with 50% to 60% ltv. this is for mulit states - not just california.

 Hey Anthony, 

Is this for 1 property or a portfolio? 

If it's just for one property, it is a very tough ask. You might want to look into a hard money loan and prepare your client for a full doc Refinance. You may also want to see if you can qualify your client based on his personal assets. 

If it's a portfolio, you will need to break them up since many investors have exposure limits with DSCR loans.