Looking for Lender, DSCR Loan Quotes

Virginia Beach-Norfolk-Newport News MetroWantProfessionalsLender
Classifieds
1dFollow

Looking for Lender, DSCR Loan Quotes

Grant DodgePro Member
Member since 2023 · 6 posts · 0 votes

Good morning, I am doing a 1031 exchange from 1 STR to 2-3 SFH LTR and looking for lenders for DSCR loan quotes servicing Yorktown and Newport News VA areas. Purchase prices will be 200-350k for each property with LTV's around 60-70%. Excellent credit.

0Reply
309 views

Most Popular Reply

Zachary Crosby
Attorney · NY · Member since 2023 · 22 posts · 12 votes
23h

Grant, I'll send you a PM. I have an excellent lender contact.

1Reply
See this reply in the discussion

16 Replies

Jump to latestLatest
  • Zachary Crosby
    Attorney · NY · Member since 2023 · 22 posts · 12 votes
    23h

    Grant, I'll send you a PM. I have an excellent lender contact.

    1Reply
  • Zachary Crosby
    Attorney · NY · Member since 2023 · 22 posts · 12 votes
    23h

    Just sent a connection request. Will send PM when accepted.

    0Reply
  • Claudia Hawkins
    Member since 2026 · 6 posts · 1 vote
    23h

    Are you available for a phone call today ?

    0Reply
  • Renard BrownPro Member
    Austin, TX · Member since 2026 · 38 posts · 5 votes
    22h

    @Grant Dodge

    Hey Grant, this is exactly what we handle. We have network access to over 7,000 lenders nationwide, so I can shop your scenario around. Happy to connect and learn more!

    0Reply
  • Austin GoetzBusiness Member
    Lender · Minneapolis, MN · Member since 2026 · 26 posts · 8 votes
    22h

    Hey Grant, happy to pull in some options for you. Feel free to message me or give me a call.

    [email protected]952-797-2007
    Magnolia Bank
    WebsiteView Page
    0Reply
  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 654 posts · 315 votes
    21h

    Hey Grant,


    I think you'll be getting alot of 'feedback' on this one. Make sure to ask whoever you talk to if they can process them as both a 'multi-pack' (simultaneously, yet separate) or if they are planning on doing it as a portfolio (under one note)

    It can make a big difference when it comes to ordering appraisals, underwriting guidelines, and even DSCR requirements where if one becomes a bit of a 'lemon' as you move along, that the others don't get hung up and your 1031 becomes at risk. Plus, it will also affect how you write up the purchase contract(s).

    Good luck!

    [email protected]417-427-2612
    0Reply
    • Grant DodgePro Member
      OP
      Member since 2023 · 6 posts · 0 votes
      21h

      Yes agreed, I don't want to lump them together. Would like them to be independent for maximum flexibility especially with the 1031 process/timeline.

      0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
    21h

    Lots of great options available, pick an investment specific broker who can help you shave lender fees and costs!

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    21h

    Happy to help as well!

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Darren KurilkoPro Member
    Lender · Venice, FL · Member since 2025 · 19 posts · 0 votes
    20h

    How soon did you need to close?

    Best,

    Darren Kurilko

    SizzleCapitalGroup.com

    DarrenFundsStartups.com

    941-800-8534 call/text

    Venice, Florida

    "We specialize in impossible situations."

    0Reply
  • Dan Duenas
    Lender · Member since 2026 · 20 posts · 8 votes
    19h

    Grant — at 60-70% LTV with excellent credit, you're in the easiest part of the DSCR world. Almost any DSCR lender will take that deal. The stuff that actually matters for you:

    1. DSCR qualifies off the property's rent, not your income — no tax returns, no W-2s, no pay stubs. That matters on a 1031 where you're picking up 2-3 at once, because stacking purchases doesn't blow up your personal DTI the way conventional does.

    2. Each property gets its own loan — no cross-collateralization — so you can stagger closings around your exchange timeline.

    3. Ask any lender how they handle the rent number up front (lease vs. appraiser's market rent) before you pay for appraisals. On fresh purchases with market leases it's usually the lease, but confirm it.

    One heads-up on my end: my minimum loan amount is $125k, so on a $200k purchase at 60% LTV ($120k loan) that one's just under my line — at 65-70% LTV it fits. The $300-350k ones fit at any of your LTV targets.

    Happy to run your numbers — Dan

    0Reply
  • Adam Crum
    Lender · Martinsburg, WV · Member since 2026 · 3 posts · 1 vote
    18h

    Hey Grant, just sent you a connection request. I work for CCM, we have our own in-house DSCR and other Non-QM products. Hit me up if you still need help.

    0Reply
  • Ryan Blindt
    Huntington Beach, CA · Member since 2026 · 4 posts · 0 votes
    9h

    With excellent credit and 60 to 70 percent LTV, you're in the best DSCR pricing tiers. What will move your quotes most is loan size, the prepayment penalty, and how each property's rent covers its payment. At 200K to 350K prices, your loans will be roughly 120K to 245K. Some DSCR lenders have minimum loan amounts or charge more on smaller loans, so ask about that up front. Give every lender the same scenario: rate, points, prepay structure, and DSCR based on the appraiser's rent schedule, so you can compare quotes directly. For the 1031, line up financing before you identify properties, because the 45 day identification and 180 day close windows go fast. Many DSCR lenders also want you to close in an LLC. A single member LLC is usually treated as the same taxpayer for 1031 purposes, but confirm the vesting with your QI and CPA before the closing docs are drawn. Also ask whether they'll do separate loans or a blanket loan. Separate loans keep each property easier to sell or refinance on its own later. I'm happy to connect and take this for you as well

    0Reply
  • Chad Davis
    Lender · Richmond VA · Member since 2012 · 309 posts · 32 votes
    31m

    @Grant Dodge Happy to connect.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free