If you are going to get a DSCR loan, you cannot live in the home, end of story.There's plenty of qualified LO's around here who's job it is to find the best product for you.

As far as the construction, yes, but I have been very surprised at some of the finish product that is coming out, specifically from the North Lawndale area - as a SW residernt all my life is very exciting to see this area slowly clean itself up.

These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.

She's a beast and you'll likely get approved which will give you a revolving source of funds to keep growing Griffin what terms are you seeing on products like this? 

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

Insurance market across the country is very tough, especially for older product. 

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

In my experience, the local banks are going to get you better rates and lower fees with their commercial loan products than the "DSCR lenders".

These are usually from personal connections we have made through the years and the investors usually want proof of experience to participate in any deals.Can you recommend any lenders in particular for SBLOC product?

The Lenders tab at the top of the site helps with finding lenders by product and location.