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Updated about 8 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
John Hill
  • Rental Property Investor
  • Salt Lake City, UT
9
Votes |
32
Posts

DSCR finance question

John Hill
  • Rental Property Investor
  • Salt Lake City, UT
Posted

Is it common for banks not to consider revenue on a new construction multi-plex? I'm looking to finance student housing in the form of 2x30 unit complexes. Total cost of construction 2mil. The bank is telling me that I would have to cover 100% of debt service. Even at a 25% occupancy I can cover. 1.5 DSCR.

Please advise..

Thank you!

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