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Updated about 1 month ago, 11/14/2024
Lenders offering 9 unit financing
I need good lenders for my investment property, which includes a 9-unit project. I have one residential and one mixed-use property. I'm wondering which financing option is better: going with full documentation (full doc) or using a Debt-Service-Coverage-Ratio (DSCR) loan? DSCR seems a bit more expensive, but full doc loans only offer 5 and 10-year term loans, meaning I'd need to refinance again.