DSCR Loan first time

[Ruben Ramirez]

Hi guys, 

I´m new in RE, learning every day. But I wondering how difficult is it to get a DSCR loan without experience building or buying rental properties.

1. With the financial project and viability of the investment, besides a team on board, is enough?

2. I mean which are the usually requeriments to show to lenders?

3. Is too hard to find a lender to finance the project in this market context?

I will appreciate your help,

[Robin Simon]

Quote from @Ruben Ramirez:

Hi guys, 

I´m new in RE, learning every day. But I wondering how difficult is it to get a DSCR loan without experience building or buying rental properties.

1. With the financial project and viability of the investment, besides a team on board, is enough?

2. I mean which are the usually requeriments to show to lenders?

3. Is too hard to find a lender to finance the project in this market context?

I will appreciate your help,

1. With the financial project and viability of the investment, besides a team on board, is enough?

Yes - its based primarily on the property + borrower (credit and liquidity, experience is a plus, but 1st timers are generally ok with some DSCR Lenders, sometimes with a bit of a leverage limit)
Check out this article - https://www.biggerpockets.com/blog/dscr-loans-what-are-they

2. I mean which are the usually requirements to show to lenders?

Check out this article - covers your exact question comprehensively!

..

3. Is too hard to find a lender to finance the project in this market context?

Nope - check out BP's featured DSCR Lenders here https://www.biggerpockets.com/loans

you have come to the right place, BP is a great source for DSCR lenders operating today!