DSCR Loan under 100k

[Tim Flickinger]

Hey all. I have three investment properties Im looking to refi with a DSCR. Properties will probably appraise between 80-100k. Im running into many lenders not lending under 100k. Anyone have any products that wlll refi these smaller loans?

[Devin Peterson]

Quote from @Tim Flickinger:

Hey all. I have three investment properties Im looking to refi with a DSCR. Properties will probably appraise between 80-100k. Im running into many lenders not lending under 100k. Anyone have any products that wlll refi these smaller loans?

You will not find a lender who will go below $75,000 on an individual asset if your property appraises for anything less than let’s say 96,000, you’re going to have to utilize what is called a blanket loan. A blanket loan is one note, one deed, one mortgage, that covers bulk of small valued individual assets.