It's a different kind of program where we don't even consider the DSCR on the property, we mainly just look at the borrower's credit, their investment experience, and the property itself (where it's located, value, use, etc).

Typically minimum loan amount of $250-300k and borrower will qualify off of the income of the property, usually 25-30% down is required.

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?

Across all the pieces needed to come together to pull a RE transaction off: Borrower - Lender - Insurance - Title - Sometimes Broker. 

Ok lets take a step back and please dont take this the wrong way or think I am being condescending however here is how loans go.1. you have the borrower  who I guess was introduced to you and is on BP and talks about doing JV s and deals etc.. 2. you agree to lend money on one of his/her projects.3. you identify the property and the amount your willing to loan.4. your borrower will open escrow so you get a lenders policy of title insurane and insure your docs are recorded correctly.. most will prep the mortgage or Trust deed but most will not prep the note they will want an attorney to do that.. 5.

When lenders use the term "Rural" it can be very frustrating for a borrower because the term is rarely clearly defined.

- with only $200k, they can buy a $1M house because they can borrow the rest from the bank.Let’s say the buyer’s agent is asking for 2.5% of the sale price.

We prevented the foreclosure, allowing the tenants to stay and the borrower to exit the deal with having that on his record.

holy cow 180k in interest on a 90k loan.. save up the 90k and dont borrow anything.

A lot of our borrowers, specifically new construction builders, in and around Austin - are having to hold properties for much longer than expected.