Looking for DSCR Cash Out at 80% LTV with $80k minimum loan

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Looking for DSCR Cash Out at 80% LTV with $80k minimum loan

Edward Acosta
Member since 2024 · 3 posts · 3 votes

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

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
1y

@Edward Acosta you may want to chat with @Jaycee Greene about this.

[email protected]248-209-6824
Logical Property Management4.9469 Reviews
WebsiteView Page
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  • Manuel Balian
    Member since 2025 · 52 posts · 5 votes
    1y

    Hi Edward - My name is Manuel Balian, and I am a hard money broker working in Michigan. I think I can help you with this situation please call me. Please see my website www.TeamBalian.com and call me at 818-616-0134 cell.

    Thank you Edward.

    Manuel Balian

    Your Hard Money Broker

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Edward Acosta:

    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


     Hi Edward, 

    We offer this however, the rate is pretty high at 80 LTV. Expect 9-9.75% assuming a solid FICO score.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
    0Reply
    • Edward Acosta
      OP
      Member since 2024 · 3 posts · 3 votes
      1y
      Quote from @Erik Estrada:
      Quote from @Edward Acosta:

      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


       Hi Edward, 

      We offer this however, the rate is pretty high at 80 LTV. Expect 9-9.75% assuming a solid FICO score.


       Hi Erik, 

      Thanks for the insight. I will email you directly.

      0Reply
  • Kevin Green
    Real Estate Consultant · Pembroke Pines, FL · Member since 2016 · 61 posts · 6 votes
    1y

    Hi Edward,

    We work directly with lenders offering cash-out refis up to 80% LTV with no minimum credit score, no DTI requirements, and no experience needed, which could be a great fit for your duplex in Detroit.

    Based on your estimated appraisal range, you should qualify for the $80K+ loan amount you’re seeking. Plus, our lender can go up to 17 years with no prepayment penalty, giving you flexibility in your investment strategy.

    We can also discuss options for your other property, even if it isn’t stabilized yet. Let’s connect and go over your best financing options. Feel free to DM me or drop your contact details, and we’ll get the ball rolling.

    Looking forward to helping you move forward!

    Best,

    Kevin

    0Reply
  • Clint Miller
    Member since 2024 · 126 posts · 9 votes
    1y
    Quote from @Edward Acosta:

    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


     Happy to connect if you're still looking

    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    1y

    @Edward Acosta you may want to chat with @Jaycee Greene about this.

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    3Reply
  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Drew Sygit:

    @Edward Acosta you may want to chat with about this.



    Thanks @Drew Sygit and hey @Edward Acosta. Can you share the zip code and total # of bedrooms? Based on your rent estimate, the property should be worth more than $130k, even at a 10% cap rate.

    [email protected]
    0Reply
  • Allison Somera
    Member since 2024 · 96 posts · 3 votes
    1y

    Hi Edward! I may be able to help, let's connect!

    808-425-7865
    [email protected]
    https://hitidecapitalconnections.com/

    0Reply
  • Don Taylor
    Member since 2024 · 65 posts · 4 votes
    1y

    Hi, Edward! 

    I would love to help you on this. Send me a DM so we can connect!

    0Reply
  • Terry Savage
    Member since 2025 · 37 posts · 3 votes
    1y

    Hi Edward, I think I can help you with this. Can we discuss the details? Here's my contact info:

    Terry Savage
    +1 406 261 0325
    [email protected]

    0Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    1y

    @Edward Acosta Lets connect, this might be something we can do!

    0Reply
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