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Zach Proto
  • San Jose, CA
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DSCR loan With no prepayment penalty

Zach Proto
  • San Jose, CA
Posted

Hi looking to get DSCR loan for a few of my STR properties. They are condotels. Any recommendations? Any places that do not have prepayment penalties or have lower LTV requirements? Thank you

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Zach Edelman
  • Lender
  • New York, NY
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Zach Edelman
  • Lender
  • New York, NY
Replied

I would highly recommend looking at the BP's list of recommended DSCR lenders and see which of these specializes/has a forte in STRs. STR lending with DSCR is a bit nuanced (i.e need to see who can underwrite with AirDNA, if the lender can underwrite with AirDNA are there any contingencies, etc.)

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