Updated 7 months ago on . Most recent reply
Looking for DSCR Cash Out at 80% LTV with $80k minimum loan
Hello everyone,
I have a duplex I own outright in Detroit that I am trying to do a DSCR cash out for 80% LTV. This property is fully rented and the revenue is $2,350/mo. The property will appraise between $115,000 and $130,000 depending on the comps the appraiser pulls. I am looking for a lender that will offer a minimum loan amount of $80,000, as I am considering this product for this property and for another one I own that isn't stabilized yet. If your company can offer this type of loan, let's connect. Thank you for your time.
Best regards,
Edward
Looking for
Detroit, Michigan
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Drew Sygit
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Drew Sygit
#3 All Forums Contributor
Agent
Property Manager
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#3 All Forums Contributor
- Property Manager
- Royal Oak, MI
@Edward Acosta you may want to chat with @Jaycee Greene about this.
- Drew Sygit
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- 248-209-6824
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