Lender Needs - DSCR Loan for Manufactured Home - NC

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Lender Needs - DSCR Loan for Manufactured Home - NC

Todd Bugbee
Member since 2024 · 1 post · 0 votes

Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

If you know a lender who can do this please let me know.  Thanks!

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Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
2y
Quote from @Todd Bugbee:

Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

If you know a lender who can do this please let me know.  Thanks!


 This is definitely a niche product however it exists. Minimum loan amount is $75k however and the rate will be high. 

[email protected]818-269-7983
LuxePrivate Investments LLC 572 Reviews
WebsiteView Page
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  • Gary Tucker
    Lender · Pittsburgh, PA · Member since 2022 · 73 posts · 16 votes
    2y

    Hi Todd. We specialize in investor loans, specifically DSCR, for manufactured homes. If you would email me some details about your scenario we can get started right away.

    [email protected]

    Thanks, Gary

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  • Chad Davis
    Lender · Richmond VA · Member since 2012 · 310 posts · 33 votes
    2y

    @Todd Bugbee We can assist as long as the property is on permanent foundation and taxed as real property.

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Todd Bugbee:

    Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

    If you know a lender who can do this please let me know.  Thanks!


     This is definitely a niche product however it exists. Minimum loan amount is $75k however and the rate will be high. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    1Reply
  • Wyatt WolffPro Member
    Lender · Charlotte, NC · Member since 2019 · 467 posts · 279 votes
    2y
    Quote from @Erik Estrada:
    Quote from @Todd Bugbee:

    Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

    If you know a lender who can do this please let me know.  Thanks!


     This is definitely a niche product however it exists. Minimum loan amount is $75k however and the rate will be high. 


     Piggybacking off of Erik... they are very niche and a heavy lift to make the numbers work.

    [email protected]
    0Reply
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