Lender · Seattle WA · Member since 2025 · 210 posts · 33 votes
I’m seeing more lenders daily suspend new loan submissions for business-purpose loans (investment & DSCR) on Philadelphia properties. This is happening right now, not speculation.
If you’re planning any type of refi—cash-out, DSCR, bridge exit, or even thinking about one—don’t wait. Options are shrinking fast, and some lenders are already out of Philly entirely.
If this affects you (or might in the next few months), act with urgency before more doors close.
I’m seeing more lenders daily suspend new loan submissions for business-purpose loans (investment & DSCR) on Philadelphia properties. This is happening right now, not speculation.
If you’re planning any type of refi—cash-out, DSCR, bridge exit, or even thinking about one—don’t wait. Options are shrinking fast, and some lenders are already out of Philly entirely.
If this affects you (or might in the next few months), act with urgency before more doors close.
Hey Quinton, thank you for the heads-up!
Do you know whether this is specifically a Philly thing? Is there something going on in that market that lenders are reacting to?
Also, are there other markets where you're seeing a pullback in funding?