DSCR Loan Rates

[Trey Belmore]

Hi-

I have a DSCR loan at $1.575M with 75% LTV and DSCR ratio is just over 1.0. Credit score is 736. I am being quoted a 8.25% on a 2 YR PPP. Is this competitive?

[Stacy Raskin]

Quote from @Trey Belmore:

It is a new construction single family 1-unit residence. Refinancing to payoff the construction note and also getting cash out. Property valued at ~$2.1M. Just trying to determine if this rate is competitive with the market.

 Based on the info you gave, it's competitive:

Sample pricing chart. Numbers in parenthesis is a credit to the transaction.