Looking for a DSCR Lender for rural 10 SFR portfolio

[Robert Malcolm]

Hello all, 

I am looking for a loan on a portfolio of 10 rural SFR properties I am looking to get financed using a DSCR program with interest only. I have reached out to multiple DSCR lenders but was turned down because the portfolio is a rural part of the state. Does anyone know any DSCR lenders who lend in rural areas?

[Erik Estrada]

Quote from @Robert Malcolm:

Hello all, 

I am looking for a loan on a portfolio of 10 rural SFR properties I am looking to get financed using a DSCR program with interest only. I have reached out to multiple DSCR lenders but was turned down because the portfolio is a rural part of the state. Does anyone know any DSCR lenders who lend in rural areas?

You can finance rural properties with a DSCR loan however you will need to make sure you meet the minimum value requirement. The lowest I have seen is $75k per property and a $55k min loan amount.