DCSR Lenders Cash Out Refi for LLCs

Investor · Lincoln Park, NJ · Member since 2020 · 39 posts · 5 votes

Hi everyone ! I am looking for DSCR lenders for rural areas in PA where properties are 30-70k ARV, already rented, cash out refi under LLC. Any recommendations ?

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
4y
Thats going to be very hard to find a DSCR lender for this situation as you have double factors working against you (DSCR lenders are mostly restrictive or won't do rural and also property values typically need to be in excess of $100k). Your best bet would be to do a blanket portfolio loan and really choose properties that are in the $70k range in value and not too much lower
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Eric GoldmanBusiness Member
Lender · PA · Member since 2019 · 359 posts · 192 votes
3y
small local banks are the only lenders that will touch these small properties.
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