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5 February 2025 | 16 replies
For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved).
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1 February 2025 | 7 replies
Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?
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29 January 2025 | 11 replies
HI JeffreyI am in need of a fix and flip loan.
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3 February 2025 | 15 replies
During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?
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27 January 2025 | 6 replies
Tariq It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location.
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6 February 2025 | 27 replies
Does any lenders offer these DSCR loan terms?
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27 January 2025 | 15 replies
Different DSCR lenders have different guidelines.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.
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5 February 2025 | 10 replies
I don't get the term "DSCR loan" I mean all loans for 5+ units are based more on the property than the buyer.
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26 January 2025 | 3 replies
With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.
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19 January 2025 | 18 replies
More on DSCR loans: DSCR loans won't use your income to underwrite the loan.