DSCR loan for properties less than 75k

DSCR loan for properties less than 75k

Member since 2023 · 4 posts · 0 votes

Are there any lenders that would finance a property for less than 75k in Detroit MI? 

We plan on buying 3 separate properties there and each are at 50k. I know lending for less than 75k is near impossible but would appreciate any help.

Thank you 

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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 652 posts · 315 votes
    2y

    Hey Shakeh,

    My clients that are doing those kinds of transactions, I normally recommend doing it as a portfolio. As a portfolio, you will still have minimum property value requirements, but there is a bit more flexibility based on what the total loan amount would be. 

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