Help with dscr

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
3mo

there may be a few larger hard money lenders that will go down this low, but as Chris said its going to be below their minimums. Similar with DSCR (and this can't be DSCR with the rehab needed), but some DSCR Lenders will now go down as low as $75k or even $50k so this could be a possible DSCR Refi if you are BRRRRing

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3mo
    Quote from @Anthony Robinson:

    I found a property priced at $55,000 that needs approximately $20,000 in repairs. Does anyone know a reputable company that would support this deal.

    A DSCR loan is for a property that is completed and ready to generate money. This would be a bridge / RTL type loan for a fix and flip. Your best bet is a private lender or someone lending out of their SDIRA for this type of deal as a larger lender will not touch it because they will lose money on the deal trying to originate and manage of loan this small.

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    • Mike GrudzienPro Member
      Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
      3mo
      Quote from @Chris Seveney:
      Quote from @Anthony Robinson:

      I found a property priced at $55,000 that needs approximately $20,000 in repairs. Does anyone know a reputable company that would support this deal.

      A DSCR loan is for a property that is completed and ready to generate money. This would be a bridge / RTL type loan for a fix and flip. Your best bet is a private lender or someone lending out of their SDIRA for this type of deal as a larger lender will not touch it because they will lose money on the deal trying to originate and manage of loan this small.

      Chris is spot on.  You have your answer.
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  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3mo

    there may be a few larger hard money lenders that will go down this low, but as Chris said its going to be below their minimums. Similar with DSCR (and this can't be DSCR with the rehab needed), but some DSCR Lenders will now go down as low as $75k or even $50k so this could be a possible DSCR Refi if you are BRRRRing

    [email protected]
    Harpoon Capital514 Reviews
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  • Mike Klarman
    Specialist · NJ · Member since 2022 · 1k+ posts · 652 votes
    3mo

    Yes, I work with micro lenders that will do 50k min bridge loans.

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  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    3mo
    Quote from @Anthony Robinson:

    I found a property priced at $55,000 that needs approximately $20,000 in repairs. Does anyone know a reputable company that would support this deal.

    @Anthony Robinson
    Depending on the property's condition, you may have better luck with an investor-focused rehab or bridge lender first, then refinance into a long-term loan once the repairs are complete. Hope the deal works out!

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3mo

    You can finance this with a hard money loan or cash 

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