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Updated 1 day ago on . Most recent reply

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Joe Cam
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DSCR Loan, Single Family, Refinance + Cashout to Rehab, Using PoAttorney

Joe Cam
Posted

Hello,

My first post here and am hoping to find some advice/solution.

1. I am the financial power of attorney for a family member that had a stroke and does not have legal capacity to sign docs for themselves 

2. this family member has 5 properties in their revocable living trust, i am the trustee of the trust

3. I want to fund a DSCR loan to update/rehab one of the properties in the portfolio

4. a DSCR > 1.5 is reasonable given the market rents

Has anyone had a similar experience or can someone recommend a lender that can work under the details above.

Thanks,

Joe

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