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Updated about 1 year ago on . Most recent reply

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Lender Needs - DSCR Loan for Manufactured Home - NC

Todd Bugbee
Posted

Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

If you know a lender who can do this please let me know.  Thanks!

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Erik Estrada
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Quote from @Todd Bugbee:

Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

If you know a lender who can do this please let me know.  Thanks!


 This is definitely a niche product however it exists. Minimum loan amount is $75k however and the rate will be high. 

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