Looking for a Lender

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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 651 posts · 314 votes
    12h

    Are you needing a 30 year note or something for rehab to BRRRR?

    [email protected]417-427-2612
    0Reply
  • Mark Morrison
    OP
    Property Manager · St. Louis, MO · Member since 2026 · 6 posts · 2 votes
    11h

    AJ, not sure exactly what he is looking for....I believe it is for BRRRR, I will call him and find out exactly

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    • AJ ExnerPro Member
      Lender · Springfield, MO · Member since 2023 · 651 posts · 314 votes
      7h

      Thanks Mark,

      Most DSCR (30 year fixed) lenders will have a minimum loan amount above that (I do know of one that could work, but I need more info to confirm)

      Otherwise, a Hard-money group should be able to help, as long as there is enough 'meat on the bone' on the back end to refinance out of it

      Happy to help where I can!

      [email protected]417-427-2612
      0Reply
    • Mark Morrison
      OP
      Property Manager · St. Louis, MO · Member since 2026 · 6 posts · 2 votes
      7h

      Thanks, I left him a message today, once I get more info I will let you know.

      0Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    5h

    I've done a ton of those deals where loan amounts were sub $100k. PM me.

    I can share my lender info.

    [email protected]614-802-5698
    ReafCo | Ahmed Group 55 Reviews
    WebsiteView Page
    0Reply
  • Michael Eskenasy
    Investor · Pacific Northwest · Member since 2026 · 511 posts · 286 votes
    5h

    Mark — before sending him to lenders, I’d get the deal reduced to a one-page snapshot.

    At minimum: purchase price, current value, rehab budget, expected ARV, property condition, intended hold period, cash available, borrower/entity structure, and whether the exit is sale or refinance.

    On a $69k property, the loan size itself may eliminate a lot of conventional DSCR options, so the real question is whether this is a small balance rental loan or a bridge/rehab deal with enough room to refinance out cleanly.

    Once you know that, the lender search gets much easier and you avoid sending him to three people who all say no for different reasons.

    Feel free to reach out if you want another set of eyes on the deal structure once you get the numbers.

    0Reply
    • Mark Morrison
      OP
      Property Manager · St. Louis, MO · Member since 2026 · 6 posts · 2 votes
      4h

      Thanks Michael, I will do that once I hear back.

      0Reply
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