Looking for Lender, DSCR Loan Quotes

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Looking for Lender, DSCR Loan Quotes

Grant DodgePro Member
Member since 2023 · 7 posts · 2 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.

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Zachary Crosby
Attorney · NY · Member since 2023 · 22 posts · 12 votes
4w

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

1Reply
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  • Zachary Crosby
    Attorney · NY · Member since 2023 · 22 posts · 12 votes
    4w

    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
    4w

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

    0Reply
  • Grant DodgePro Member
    OP
    Member since 2023 · 7 posts · 2 votes
    4w

    Yes send your number and I’ll give you a call.

    0Reply
  • Renard BrownPro Member
    Austin, TX · Member since 2026 · 56 posts · 6 votes
    4w

    @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 · 33 posts · 11 votes
    4w

    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 · 663 posts · 320 votes
    4w

    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 · 7 posts · 2 votes
      4w

      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 · 679 votes
    4w

    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 Capital55 Reviews
    WebsiteView Page
    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    4w

    Happy to help as well!

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Darren KurilkoPro Member
    Lender · Venice, FL · Member since 2025 · 27 posts · 1 vote
    4w

    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 · Irvine, Orange County · Member since 2026 · 69 posts · 36 votes
    4w

    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 · 14 posts · 4 votes
    4w

    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 · 1 vote
    4w

    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 · 320 posts · 33 votes
    4w

    @Grant Dodge Happy to connect.

    0Reply
  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 526 votes
    3w

    Happy to connect to discuss further.

    [email protected]818-770-0340
    Bright Skyline518 Reviews
    WebsiteView Page
    0Reply
  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · Sarasota, FL · Member since 2017 · 5k+ posts · 3k+ votes
    3w

    Grant, you’re right to want the properties financed independently. It gives you more flexibility later if one property needs to be sold, refinanced, or repositioned without affecting the others.

    Since this is part of a 1031, I’d also make sure the financing is looked at together with the exchange numbers. Before closing, I’d have your QI and CPA model the sale proceeds, debt being paid off, equity being reinvested, replacement purchase prices, and any new debt or cash you’re contributing. The goal is to avoid creating unexpected taxable boot simply because the replacement financing is structured differently.

    I’d also compare lenders on more than rate. Minimum loan amounts, prepayment terms, seasoning requirements, appraisal treatment, reserves, and whether they will handle multiple properties independently can make a meaningful difference when you’re working within a 45 day identification and 180 day exchange timeline. With 2 or 3 properties, I’d rather have each loan stand on its own and make sure the entire exchange works from a tax and financing perspective before locking everything in.

    Happy to connect!

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®4.9242 Reviews
    WebsiteView Page
    TaxMD® | Tax Planning Software
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    0Reply
  • Debbie FalesBusiness Member
    Lender · Annapolis, MD · Member since 2018 · 145 posts · 47 votes
    3w

    It sounds like you have a lot of options here already, Grant. But we'd be happy to quote this for you as well. It sounds like you'd be a good candidate for our zero-point DSCR loan product. We have considerable experience in the Virginia Beach/Newport News/Portsmouth area with several recent closings - great area with lots of upside potential.

    Best of luck!

    [email protected]888-444-3160
    Navigator Private Capital4.620 Reviews
    WebsiteView Page
    0Reply
  • Jiao Liu
    Lender · Houston, TX · Member since 2026 · 56 posts · 14 votes
    3w

    Hi Grant — Jiao Liu, commercial loan broker. Your setup is the clean end of DSCR: 60–70% LTV on $200–350K long-term rentals with strong credit is exactly what DSCR lenders compete on.

    The one thing I'd flag is your 1031 clock — DSCR timelines are usually fine, but the underwriting has to start before your identification window closes, not after you've picked the last property.

    If you send me the target rent and purchase price on the first property (and where you are in the exchange), I'll run real numbers against a few DSCR programs and give you a straight quote range — rate, prepay structure, and closing timeline — so you can compare it against what you've already got.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3w

    Hi Grant,

    Happy to connect and structure this

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
    0Reply
  • Bill Faber
    Member since 2026 · 16 posts · 1 vote
    3w

    Hi Grant, moving from one STR into multiple long-term rentals sounds like a great way to grow your rental portfolio. Financing that fits each property can help you preserve capital for future investments. Are you already under contract on any of the properties, or are you still shopping? We'd be happy to review the deals and see if we can help.

    0Reply
  • Monique Robichaud
    Lender · 1603 Capitol Ave. Suite 310-#WY104 Cheyenne, WY 82001 · Member since 2026 · 11 posts · 0 votes
    3w

    Hi Grant! We may able to help with DSCR financing for your 1031 exchange as you transition from a short-term rental into long-term rental properties in the Yorktown and Newport New areas. Happy to connect, and discuss the details.

    0Reply
  • Grant DodgePro Member
    OP
    Member since 2023 · 7 posts · 2 votes
    3w

    Thanks for all the replies and feedback! I have selected a lender to work with. I will keep all of you in mind if I need any additional loans moving forward.

    0Reply
  • David Leonard
    Lender · WA · Member since 2026 · 5 posts · 0 votes
    3w

    A little late to the conversation, but this is exactly the type of scenario we like to see!

    With excellent credit, 60–70% LTVs, and multiple single-family rentals, you should have some solid DSCR financing options available.

    At Investor Loan Partners, we have access to an extensive network of wholesale DSCR lenders, allowing us to compare rates, points, fees, and loan structures rather than relying on a single lender's pricing. With 2–3 properties involved, those differences can really add up.

    Not sure if you've already lined up financing, but if you're still comparing options, we'd be happy to put our wholesale lending relationships to work for you.

    And if you've already found a lender, best of luck with the exchange! Sounds like a great opportunity.

    0Reply
  • Tommy Deguchi
    Member since 2026 · 62 posts · 3 votes
    3w

    Grant - Thomas with Champions Funding. We're the lender, not a broker.

    I can help you never pay an origination fee or undocumented points baked into your rate again. We're the lender. Saves you thousands on every loan you do - times 2-3 properties, that adds up fast.

    We qualify off the higher of the 1007 or the new lease, no max differential, no reserves under $1.5M.

    On the 1031 - I structure each property as its own loan. No blanket paper tying them together, so one slow deal doesn't put the exchange at risk.

    Send me the numbers on the first one and I'll give you a real quote to compare.

    0Reply
  • Neeraj Diwan
    Lender · Stamford, CT · Member since 2026 · 52 posts · 8 votes
    6d

    @Grant Dodge J3 Creative Consulting works directly with private lending sources on DSCR financing. If you're still comparing quotes, we'd be happy to review the Yorktown and Newport News purchases.

    At 60–70% LTV, I'd compare rate, points, prepayment terms and total cash to close for each property. Coordinate the financing with your qualified intermediary so it aligns with your 1031 deadlines and exchange requirements.

    Feel free to DM me the purchase prices, projected rents, loan amounts and closing dates for a free consultation.

    0Reply
  • Tommy Deguchi
    Member since 2026 · 62 posts · 3 votes
    3d

    Ran my 1031 purchases through DSCR to keep the clock simple. My guy charges no origination and nothing on the back, so buying two or three in a row did not stack fees on me. Worth a quote next to the others. DM me if you want his info.

    0Reply
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