Low LTV, 30yr fixed @4.5% personal (1)• Investment condo - new const. high end purchased w/1031 (from 20yr quad) in 2019.

And a high in high season!

I get FinTech is a high-risk activity, but imagine the industry will consolidate to one or a few strong players.

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.

I also doubt very seriously that any brokerage/custodian is going to allow this kind of loan with 401k assets; it's likely going to need to be a 401k general purpose loan, which is highly regulated (as someone else mentioned). 

So sad...... what is scary too is they only have them 10-20% contained and they are expected to get high winds again which can carry those embers pretty far. you also have to think these fire fighters etc. have been working around the clock and must be exhausted.

That being said, I'm not a fan of holding property in anything sub B quality. 

I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

The seller said this is in a gentrified area so there's potential to rehab this effectively and get a high payout as shown in the last comp.

You have a lot going on and if you had a 457 you were a highly compensated EE.