Any DSCR Lenders at 80 LTV?

Question

Hi everyone, I have a duplex in Dallas, Texas that I’m looking to cash out refinance. I’m looking to see if there are any DSCR or private lenders that lend at 80LTV terms. LLC is in place and credit score is 740+ experienced investor with 7 properties. Thank you in advance ! 🙏🏽

Estimated value = $650k

Estimated rents = $5,500

Estimated mortgage (PITI)  = $4400

Debt service is at 1.25.

Would love to establish relationship with a lender that offers this loan product.

- Jorge

Christian Bachelder · Answer

We currently have one lender offerings 80% LTV on a cash out in our network. Wont be the most competitive rate, but if that extra 5% is the determining factor, feel free to shoot me a DM and I can share the options with you.

Brandon Beardt · Answer

Hi Jorge,

I personally have not found any DSCR lenders offering 80% LTV on C/O refinances at this time, even with good FICO and experience. But there's a chance there's one out there. From what I've seen, most can only go up to 75% LTV right now for C/O. I only see 80% LTV available for DSCR purchases and R/T refis now a days. What's the reasoning for wanting such a high LTV? Do you just want to maximize your approved leverage, do you have a high payoff amount, or something else

Richard Martinez · Answer

Hi Jaylon, If you have the 80% LTV cash out I am interested

Richard Martinez · Answer

Hi Christian, Can you share me this lender info?

Jaylon Cockrell · Answer

Hey Jorge, I work for Capital Fund 1 & we have good 30 yr dscr options.. asset based lending no borrower financials required! I see 80% LTV regularly. If you'd like to get a quote/terms reach out!

jaylon@capitalfund1.com

Charlotte Bouchez-Colaianni · Answer

Hi Jorge,

What you’re asking is hard to acquire. But I’ve worked with one lender recently that does 80% LTV cash out refi DSCR loans, but they require 6 months seasoning, and the property needs to have a long-term tenant in place with a lease.

Devin Peterson · Answer

Hi jorge, I would be able to help you out with this scenario. Please send me a pm

Robin Simon · Answer

What rate are you assuming?  DSCR 80% LTV Cash-Out Refi on a duplex is going to be pretty high, at the least 8% probably best case scenario

At 8% I'm seeing a monthly PITIA at around $5,000 (assuming $11k taxes and $3.5k insurance)

David Bilandzija · Answer

@Jorge Gonzalez Remember to factor homeowner's insurance into your calculation.

Any DSCR Lenders at 80 LTV?

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