All Forum Posts by: Ted Freemyer

Thank's everyone! This is our first look at DSCR as we've gone conventional up to this point. I recived 4 other quotes and all others with similar terms were 8%+. FICO is 780+ and currently have 4 other investment properties including 2 STRs in the same market we are trying to close on in West Virginia.

 
Alex, the quote on 30Y Fixed was 7.225% +2 origination pts, with 75% LTV, 5%-1% 5Y stepdown prepayment penalty. I did not find them via Bigger Pockets but rather through another investor, who had them quote on project for them. I'll call you in the morning to talk about your loan product options.

Thanks!

Looking for some feedback if anyone has used Launch Financial Group for their DSCR loan on STR. I've recieved many quotes and preapprovals and they came back with the most competitive rate and terms for what we are looking to do. I haven't, however, found much info on them as an institution so looking here. Thanks in advance! Here is their link.

https://www.launchfg.com/