Lending on a 20 Single Family Home Package

[Zachary Carver]

I am going to shop our local banks next week for lending on 20 properties at once. I have a relationship with these banks but the deal is pretty skinny for the first year. My proforma numbers put the debt coverage at 1.16. Anyone know of the right loan broker to take this too?

[Robin Simon]

Quote from @Beth Johnson:

@Zachary Carver

Is the DSCR calculated on 20-, 25-, or 30-yr amortization? If it's 20 or 25, shop around for a 30-yr so your hitting the right DSCR. I found local banks offer better terms on commercial blanket loans.

Interest only is an option as well, would calculate DSCR on the IO payment