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Updated 4 months ago,
DSCR lender in/for DFW rental portfolio
I am looking for a DSCR lender for a portfolio of 7 small SFR here in the DFW metroplex.
Would be looking for 1% origination.
Purchase price is $1.3mm w/ down payment of $325k. =975k loan
6 of the 7 homes have renters in place. Cumulative cash flow fully occupied is $13,030.
DSCR between 1-1.25% criteria suitability from lender.
Close 25 days
If are a lender and can meet or beat this criteria with certainty please lmk and I can start sending over the information.