Almost anything that has a guaranteed rate of return makes me want to scream and run the other direction, but this seems different. 

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The interest rate is between 7.95% and 9.95% depending on credit score.

If they were going to charge me 2-3x the market rate for this service I would have like to know in advance because then I would of made the cleaner arrangements. 3.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

The Milwaukee Mill Rate for 2023 was $26.07 per $1,000 of assessed value (2.6%).

But, keep in mind Redfin assumes the amount you put down, the interest rate you get and a couple of other charges.

I've used All-Star Property Management for a couple of years now.  

However, with the rise in interest rates, I am fairly certain that a threshold ratio of 1 will not be met. 

I just got a pre approval today for a 125K DSCR loan 30yr fix no ballon. rate is 9.25 excellent credit 25% down with some room to buy down the rate. hope this helps.