Looking for private or hard money DSCR lender

Houston, Texas
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Looking for private or hard money DSCR lender

Leona King
Investor · Spring, TX · Member since 2014 · 29 posts · 2 votes

Searching for a private or hard money DSCR lender for my property in Spring TX. Needs rehabbing to rent, or sell. Anyone know of any lenders for this Property? It has quite a bit of equity.

Thanks Leona

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Kevin Woodard
Lender · Nationwide · Member since 2021 · 220 posts · 105 votes
4y

@Leona King

If you are looking to renovate you’re going to want a hard money lender or a private lender to take on the project.

Post construction is when you want to look at a DSCR loan.

I sent you a PM and would be more than happy to help!

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  • Miranda Holland
    Lender · Macon, GA · Member since 2015 · 191 posts · 59 votes
    4y
    Quote from @Leona King:

    Searching for a private or hard money DSCR lender for my property in Spring TX. Needs rehabbing to rent, or sell. Anyone know of any lenders for this Property? It has quite a bit of equity.

    Thanks Leona


    Private money lenders primarily base their approvals on the value of the property. LTV is often determined by the borrowers credit score. I sent you a PM.

    0Reply
  • Kevin Woodard
    Lender · Nationwide · Member since 2021 · 220 posts · 105 votes
    4y

    @Leona King

    If you are looking to renovate you’re going to want a hard money lender or a private lender to take on the project.

    Post construction is when you want to look at a DSCR loan.

    I sent you a PM and would be more than happy to help!

    1Reply
  • Leona King
    OP
    Investor · Spring, TX · Member since 2014 · 29 posts · 2 votes
    3y

    Oh ok, thanks can you help?

    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Leona King:

    Searching for a private or hard money DSCR lender for my property in Spring TX. Needs rehabbing to rent, or sell. Anyone know of any lenders for this Property? It has quite a bit of equity.

    Thanks Leona


     Sent you a connection request - We'd love to help and sound like a perfect fit

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Alex BreshearsBusiness Member
    Lender · Springfield, MO · Member since 2020 · 351 posts · 504 votes
    3y

    Hi Leona!  I am a private lender and co-author to BiggerPockets private lending book.  I know quite a few individuals who lend their capital on projects across the country, including Texas. I don't want to blast their information on the forums, but send me a message and I can connect you to a lender in Texas that may be able to fund this loan for you.

    [email protected]Podcast Guest on Show #210
    0Reply
  • Chad Davis
    Lender · Richmond VA · Member since 2012 · 307 posts · 32 votes
    3y

    @Leona King Would recommend hard money for rehab and DSCR for refinance.

    0Reply
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