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195
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32
Votes
Quinton Brown
  • Lender
  • Seattle WA
32
Votes |
195
Posts

πŸ’ΌπŸ  DSCR HELOCs for LLC-Owned Properties – We Get It Done! πŸš€

Quinton Brown
  • Lender
  • Seattle WA
Posted

DSCR HELOCs: Speaking of capital – you can now open up a line of credit on a rental property as a second lien that's in an LLC as a DSCR loan. Up to 70% CLTV usually. β€’ So it's what I call a DSCR HELOC where it doesn't use personal income or debt verification at all, just the rents from the property AND it's an actual line. β€’ AND there's no seasoning requirements which is crazy. β€’ And no prepayment penalties.

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