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Updated over 1 year ago on . Most recent reply

User Stats

7
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8
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Benoit Cadot
  • Investor
  • Round Lake IL
8
Votes |
7
Posts

DSCR loan around Chicago

Benoit Cadot
  • Investor
  • Round Lake IL
Posted

Hello BP chicago community,

i am looking to invest using DSCR loan. Could you recommend a broker doing this type of loan in the chicago area?

I plan on investing in Illinois and out of state also.

thank you

Most Popular Reply

User Stats

325
Posts
268
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Mark F.
  • Rental Property Investor
  • Elgin, IL
268
Votes |
325
Posts
Mark F.
  • Rental Property Investor
  • Elgin, IL
Replied

@Benoit Cadot exactly what everyone else is saying, in fact @Zack Karp is my go to conventional guy and knows his stuff. I definitely recommend him and his team, they are top notch, for anyone in the area looking for conventional mortgages.

For a local HML and/or Portfolio lending (DSCR) I highly Recommend Renovo Financial. They are local, based out of Chicago, and not only do HML but now also longer term lending from 5yrs up to a 30yr fixed loan. In fact I just closed on a 30yr fixed with them TODAY that I refi'd out of the HML I had with them when I bought the house and renovated it. Reach out to Eric Workman, he is the VP of lending there, message me if you'd like his contact information.

I am not affiliated with them in any way, just a very happy customer that has used them on 8 deals in the last year an a half.  

Mark 

https://www.renovofinancial.co...

  • Mark F.
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