Looking for a lender who actually closes pure commercial DSCR loans — not residential
Looking for a lender who actually closes pure commercial DSCR loans — not the residential-with-mixed-use-carveout kind.
My LLC owns one parcel with two separate single-tenant buildings, zoned highway commercial, zero residential component. Both leased 3+ years on 3-year commercial terms, comfortably above 1.6x on actual numbers.
The wall I keep hitting: every well-reviewed DSCR lender I've called requires a residential unit or a residential % mix (one needs ~10% residential minimum) once they see the zoning. One broader commercial lender asked for personal net worth/liquidity and full financials — defeats the point of DSCR.
Has anyone closed a DSCR/NOI-based loan on a 100% commercial-zoned property with no residential units? Direct lender preferred, open to brokers who've actually closed this. Can share more via DM.