DSCR Loan Recommendations

[Rob Burgess]

Looking to go the BRRR route to expand my portfolio. Looking for recommendations on reputable firms to work with for DSCR loans.

[Robin Simon]

Quote from @Mark Munson:

Hi @Rob Burgess

      Feel free to message me, I can give you some options. Just make sure you are asking every lender the following:

1. What is your rate lock policy? Ideally, you want a 45 day rate lock

2. What is your DSCR requirement? Basically, you are wanting to know what ratio they use, as this will dictate the loan amount. 

3. Do you offer cash-out refinances up to 75% LTV? This should be the standard max. 

There's a host of other questions I'd ask, but this is a good start. 

I would chime in that for BRRRR DSCR refinances, best typically to go to a DSCR lender that also does hard money bridge loans, as they tend to have the best expertise with BRRRR since they do loans for both the "B" and the third "R" in the process