DSCR lender in/for DFW rental portfolio

Dallas, Texas
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DSCR lender in/for DFW rental portfolio

Derek Todd McCarley
Member since 2023 · 7 posts · 8 votes

I am looking for a DSCR lender for a portfolio of 7 small SFR here in the DFW metroplex.

Would be looking for 1% origination.  

Purchase price is $1.3mm w/ down payment of $325k. =975k loan 

6 of the 7 homes have renters in place.  Cumulative cash flow fully occupied is $13,030. 

DSCR between 1-1.25% criteria suitability from lender.

Close 25 days

If are a lender and can meet or beat this criteria with certainty please lmk and I can start sending over the information.   

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  • Noah WrightBusiness Member
    USA, Nationwide · Member since 2024 · 174 posts · 90 votes
    2y

    I can do it for .75 origination, all lending fees priced in to that. would love to establish a working relationship. Available 24/7, let's do it.

    [email protected]737-773-3717
    0Reply
  • Andrew Zamboroski
    Lender · Member since 2021 · 495 posts · 130 votes
    2y
    Quote from @Derek Todd McCarley:

    I am looking for a DSCR lender for a portfolio of 7 small SFR here in the DFW metroplex.

    Would be looking for 1% origination.  

    Purchase price is $1.3mm w/ down payment of $325k. =975k loan 

    6 of the 7 homes have renters in place.  Cumulative cash flow fully occupied is $13,030. 

    DSCR between 1-1.25% criteria suitability from lender.

    Close 25 days

    If are a lender and can meet or beat this criteria with certainty please lmk and I can start sending over the information.   


    Happy to send a quote over. We should be able to meet all criteria. However, with 25-days you will likely need to get moving with any option. Title work and appraisals will be the biggest time factor here on so many properties.

    0Reply
  • Brandon Croucier
    Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    2y

    Hi Derek,

    Are you looking to blanket the properties or close individually.

    Closing individually is going to allow better LTV's, Rates, and flexibility when refinancing or selling.

    There will be higher processing and underwriting costs regardless, just due to how much work is involved.

    0Reply
  • Bruce Wills
    Member since 2024 · 20 posts · 0 votes
    2y

    Kindly send a quote over and we can go from there.

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    2y
    Quote from @Derek Todd McCarley:

    I am looking for a DSCR lender for a portfolio of 7 small SFR here in the DFW metroplex.

    Would be looking for 1% origination.  

    Purchase price is $1.3mm w/ down payment of $325k. =975k loan 

    6 of the 7 homes have renters in place.  Cumulative cash flow fully occupied is $13,030. 

    DSCR between 1-1.25% criteria suitability from lender.

    Close 25 days

    If are a lender and can meet or beat this criteria with certainty please lmk and I can start sending over the information.   

    Can do 0% origination with reliable rates. Will reach out via DM. 
    0Reply
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