Flip Loan conversion into DSCR loan -

[Shayne Hickey]

Does anyone have a recommendation of a lender that does a flip type loan that has the ability to roll into a DSCR loan? All of the lenders in my network says it doesn't exist anymore. Just putting the feelers out if anyone has the ability. Thanks in advance!

[Devin Peterson]

Quote from @Shayne Hickey:

Does anyone have a recommendation of a lender that does a flip type loan that has the ability to roll into a DSCR loan? All of the lenders in my network says it doesn't exist anymore. Just putting the feelers out if anyone has the ability. Thanks in advance!

What you’re looking for is called sometimes referred to as a stabilized Reno loan. I usually only see these products offered through local and small community banks. Other than that you’re best bet is finding an experienced broker who can set you up with a vetted and cost efficient commercial lender that can do both the bridge and refi for a discount in fees possibly. Happy to help! Good luck!