90% LTV DSCR Loan? $499,990 3 Units Generating $3,700/mo

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Are you looking to purchase or refi?

AS others mentioned, most DSCR lenders will cap at 80% LTV for a purchase and 75% LTV for a refi. There are some that can seing 85% however be catious of additional qualifications/requirements and additional fees/payments.

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  • Carrie Matuga
    Lender · Riverside, CA · Member since 2017 · 248 posts · 98 votes
    2y

    @Brandon Sisco Most DSCR options cap out at 80%, I do have an option for up to 85% LTV, but there are some caveats - 1) DSCR must be abover 1.2 2) credit min 740 3) interest rates are typically higher (0.75-1.25% higher). If you want to talk, send me a DM

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  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    2y

    @Brandon Sisco Agreed 85% is available but there are a few more requirements to get the extra 5%

    C2 Financial
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  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    2y

    @Brandon Sisco - get the seller to carry a 10% 2nd, and we can do the 80% 1st position.

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  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Are you looking to purchase or refi?

    AS others mentioned, most DSCR lenders will cap at 80% LTV for a purchase and 75% LTV for a refi. There are some that can seing 85% however be catious of additional qualifications/requirements and additional fees/payments.

    [email protected]
    2Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Brandon Sisco:

    90% LTV DSCR Loan? $499,990 3 Units Generating $3,700/mo


    That property would not even meet the DSCR requirement if the total income is $3700 per month. Is that for each unit?

    You would probably need to be at 75%-80% LTV to make it work on a DSCR.

    [email protected]818-269-7983
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y

    The max I have seen is 85% LTV, however the rate will kill the deal..

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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  • Andrew Rees
    Member since 2024 · 19 posts · 16 votes
    2y
    Quote from @Erik Estrada:
    Quote from @Brandon Sisco:

    90% LTV DSCR Loan? $499,990 3 Units Generating $3,700/mo


    That property would not even meet the DSCR requirement if the total income is $3700 per month. Is that for each unit?


    I had the same "Wait a minute!" reaction.

    A $500K building should be bringing in $5k/mo. (1 percent rule)
    If is bringing in $3700/mo total then it is either under rented and the rents need to come up, the building is over priced, or it is simply a bad deal.

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  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    2y

    @Brandon Sisco Agreed 85% is available but there are a few more requirements to get the extra 5%. Also, are bank statements an option? If so you can get up to 90%.

    C2 Financial
    WebsiteView Page
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