Also have you done any pre-dd-  driveby, discussions with broker, property managers and other real estate professionals about this property.   

Their exit strategy was they would act as a broker and try and sell them off as fast as possible for a profit but I believe they were overpaying for the loans.

I am a broker looking for a lender to do this type of loan.

Loved the Brokers, got tired of the boards.Board members NEED training when they get elected.

Could you put me in touch with that Broker, I'm an agent/Broker too, so would represent myself or my clients. 

Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.

If you are seeking an actual private lender or direct HML (as opposed to a third party broker) for an investment property transaction (not a consumer loan), there are numerous ways to identify them... consider starting your search here: https://aaplonline.com

I will ask my broker about this. 

Hey Rob, I'm a broker and investor up in Sacramento.

-William Platt - Owner of The Vault & The Bank (Confirmed)-Byron Ellis Raines (Confirmed)-Marvin Fox (Confirmed)-Freddie Jones II (Confirmed)-Michael Barney -Wendell Olden (Claims just being used, not part of Fraud and might be one of their "Straw Buyers" for his good Credit)-DeKalb Notary - Frank Brake III (Confirmed)-Jeff Deville - Lender Broker with Will Platt and Bryon Ellis (definitely aware, I have directly informed him of the fraud these guys are/have committed yet he still continues to work with them to push loans through, so unsure of his actual role or knowledge or the lack there of with the rest of this mortgage fraud group)-More names coming...PLEASE SHARE THIS POST OR TAG ANYONE HANDLING LOANS IN METRO ATLANTA THAT YOU MIGHT NEED TO SAVE FROM THESE GUYS!!