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Sean Dezoysa
  • Investor
  • Toledo, OH
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Short seasoning DSCR lender

Sean Dezoysa
  • Investor
  • Toledo, OH
Posted

Hello, I am in need of a short seasoning DSCR lender who requires maybe two to three months to do 75% or better Loan to value. As we significantly improve our properties but for the current situation we're able to get it ready with minimal to no rehab, I understand this is Non ideal for DSCR lending purposes

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Robin Simon
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Sean Dezoysa:

Hello, I am in need of a short seasoning DSCR lender who requires maybe two to three months to do 75% or better Loan to value. As we significantly improve our properties but for the current situation we're able to get it ready with minimal to no rehab, I understand this is Non ideal for DSCR lending purposes


It will be extremely challenging to find a Cash-Out Refinance DSCR Loan right now at 75% before the 6-month seasoning mark - however, if you aren't taking cash out ("Rate-Term Refinance") - then you should have no issues finding 80% LTV with no seasoning considerations

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Harpoon Capital

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