DSCR Scenario- Any advise?!
Hey All!
Looking to see if anyone can recommend somewhere for this scenario?
8 units in Brooklyn
Value 4.4m
Loan amount-$3.3
LTV 75%
Fico 760
NOI $269k
DSCR 1+
Current rate is 8% and has a 4% PPP so new rate needs to be 7.25% or better to make sense