All Forum Posts by: Ben F.

DSCR doesn't exist in Canada. Some local credit unions will do similar types of mortgages where they consider the rental income in your DTI but they won't lend against just the property. You would still need to qualify based off your corporation's DTI or your personal DTI if your corp is younger than 2 years.

Hi Cody,

I am not sure if what you're saying is correct... Maybe the term DSCR is not common. Although I do know BDC will lend and look at DSCR as a major factor. Typically they want a minimum of 1.1-1.2%.

To add to this, I know they strongly base the loan off of the leases. They do not really consider personal or corporate finances to be a major role player in funding the loan. With this being said, I have not had them fund a deal for me yet. They move slowly it seems.

0 Votes

Toronto, Ontario

Hello,

I am working on industrial and commercial deals in Ontario Canada and would like to connect with more lenders.

I am seeking lenders who can lend on DSCR at under 8% interest and around 75% LTV.

Please let me know if anyone knows someone I should speak to.

Serious inquiries only, please!

1 Vote

Toronto, Ontario

Hello,

New to posting on BP, but have been reading the forums for years. I help family offices with industrial acquisitions and investment portfolio management. Happy to connect and work with anyone trying to expand their business.

I am working on building an industrial portfolio of my own - consistently searching and analyzing deals.

My main market is Southern California, but I am slowly expanding my lens across the US.

Ronald Rhode and Chad Griffiths are the best content creators in the space hands down.

2 Votes

All Forum Posts by: Ben F.

Ben F. has started 1 posts and replied 4 times.

Post: Looking for Commercial DSCR Lenders Ontario Canada

Post: Looking for Commercial DSCR Lenders Ontario Canada

Post: Looking for Commercial DSCR Lenders Ontario Canada

Post: Industrial real estate operators