I never really thought that their DSCR loans were very competitive (typically much higher rates than other options BUT long term IO) and I really only kept them in mind for those real high dollar amount flips for SFRs since a lot of our other channels would cap at $1.5M or so. 

Over a few years I consolidated my shotgun portfolio of smalls into a few larger multis, then sold them on IO contracts to syndications at ridiculously low caps last year. 

True...depending on where you are located, I offer a NINA (no income/no asset) hard money rehab loan program with the following features:- 65 ARV - 620 MID FICO required (below this will be reviewed on a case by case basis)- Co-Borrowers/Partners Allowed (one strategy to use if you don't have a 620 FICO)- Loan Amounts between 50K-500K- I/O Payments Only- Cash Reserves Required- 6 month loan maturity/amortization schedule (extensions permissable on a case by case basis)- Investment Only/NOO OnlyRegards,Scott MillerOriginally posted by "REI":Originally posted by "LONNIE":[b]Not all hard money lenders ask for such information.

@Matt Nettles, yes IO is good for the 1st 3,4, or 5 yrs.

No suggestions on the HML…I/O options depend on what you’re looking for - you can find some 40 year terms with a 10 year I/O period, or a short term (12 months or so) fix and flip sort of  loan that’s I/O.

This is an interest-only loan where you make monthly IO payments.

Commercial lender. 30 year term with 10 year IO option to improve cash flows in near term.

Jay- O-H-I-O I am a proud buckeye, went to The Ohio State University, Columbus is an amazing city spent 6 years in that space, its an awesome town.

Have 4.25% 30 year IO for 10 years (in year 3).

Commercial lender. 25% down payment, 10 year IO option with 30 year term to improve cash flows.