Is it even possible to get DSCR loan?

Member since 2021 · 13 posts · 8 votes

Hi experts,

I'm a beginner investor looking to purchase properties under an LLC. Is it even possible for me to get a DSCR loan? Or is my only option a conventional loan?

Anyone can recommend a lender for DSCR or even conventional loan who will be willing for the property's title to be under an LLC?

Looking for properties in the Lansing - Detroit areas. Loan will be for ~80% LTV of ~$100k property.

Thanks!

3 Reply

314 views

Most Popular Reply

Patrick DruryBusiness Member

Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes

@Tzvi Keisar
I am seeing 75% LTV across the board in Columbus unless you pay a higher rate/ points. Also, there's no reason to make a DSCR rate any higher. You can use a DSCR lender to close in an LLC.

[email protected]614-412-4565

Reafco-556 Reviews

View Page

2 Reply

See this reply in the discussion

28 Replies

Jump to latestLatest

Sort by

Shenell Caldeira
Real Estate Agent · Kailua-Kona, HI · Member since 2022 · 61 posts · 15 votes
2y
You should definitely just try and see if they are able to assist. We work with a lending company that offers DSCR Loans. Pls lmk how I can help and I can share information with you
0 Reply
Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
5d
Yes. DSCR lenders will allow you to hold title an en entity. There are also a few that will allow you to hold title in a series llc and limited partnership.
[email protected]818-269-7983
LuxePrivate Investments LLC 572 Reviews
Website View Page
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.