All Forum Posts by: Aaron Lathan
Aaron Lathan has started 1 posts and replied 15 times.
Post: Does anyone know of any DSCR lenders that loan under $75,000?
- Posts 15
- Votes 6
Quote from @Eric Goldman:
local banks are the way to go with the small ones. it will be based of the dscr of the property but also you DTI.
I’ll start calling around. From the 20 or so credit unions in Baton Rouge it looks like most of them advertise 75K limits but I’ll draft up a presentation to just present data. Thanks for the response.
Post: Does anyone know of any DSCR lenders that loan under $75,000?
- Posts 15
- Votes 6
Quote from @Joyce Williams:
@Aaron Lathan……..Try BHG Financial….. ask for Krystian. 315 679 5096…. Let me know how it works out.
I’ll give it a shot. Thanks Joyce. Have you used them before? How was your experience?
Post: Does anyone know of any DSCR lenders that loan under $75,000?
- Posts 15
- Votes 6
Quote from @Kevin Woodard:
Similar to what @Lyndsay Zwirlein recommended, call your local credit unions. They are usually pretty helpful with these types of loans and like to build out the local community.
Alternatively, if they are undervalued properties that need some TLC you could go that route and force the appreciation.
Hope this helps!
The areas I'm targeting will likely not have the greatest ARV. Definitely great for cash flow only. Will definitely go local to see what I can do. Thanks for the response!
Post: Does anyone know of any DSCR lenders that loan under $75,000?
- Posts 15
- Votes 6
Quote from @Lyndsay Zwirlein:
I've searched all over for this on behalf of clients and can't find < $75k either. Would a local commercial banker or business banker be able to help?
I'll have to give it a shot! Thanks for the response!
Post: Does anyone know of any DSCR lenders that loan under $75,000?
- Posts 15
- Votes 6
Has anyone come across any DSCR lenders willing to fund loans smaller than 75K? There's a bunch of property in my old hometown of Baton Rouge under 75K but I can't seem to find anyone willing to lend that low for investor loans. Any help is greatly appreciated.