DSCR loans - 15% down on turnkey properties

[Mark Delosreyes]

Any lenders do 15% down (or less) DSCR loans, 30 year am, on turnkey investment properties, mainly for small multifamily 1-4 units? There's not really a lot of value add opportunity or sales comps in this space for our area.

I typically (BRRRR) purchase fixer uppers with cash, fix up, rent, then refinance on a DSCR and get all of my money back. I also use hard money loans for the houses we fix and flip. I have 100+ deals under my belt, so not really a beginner.

Thanks!

[Derek Brickley]

Hey Mark!  

Yes we definitely do and you'll probably find a number of us here who could help with that.  Note that the 15% down options of course have higher rates.  As long as credit is good/fair and the debt-service ratio is above 1.0 you shouldn't have any issues with that.  Feel free to reach out if you have any other questions though!