All Forum Posts by: Jesse Holsapple

The hardest part here isn't going to be experience for a rental loan like the DSCR loan, it's going to be the price point. Most lenders don't go below 100,000 funded (after a down payment). You're starting with a purchase price of 70,000 roughly with 20-25% down from there.

9.5% seems high. But that could be for a variety of reasons. When I price out a DSCR loan for someone the biggest hits I see get taken instantly on a rate is when the ratio falls below 1.0x

I'm always happy to see what it comes out to on my end. 

The Holsapple Company LLC, a commercial mortgage brokerage focused on bringing the right people to the "RIGHT" funding for their commercial lending needs across the country.

We don't work 9 to 5, we work start to finish.

We cater to investors that have business lending needs such as the following:

Short Term Bridge Loans for residential, commercial, and land loans

Fix and Flip / Renovation / Rehab loans
Commercial real estate purchase, refinances, cash out refinances
Preffered equity solutions
Construction Loans
Resorts
PUD (Planned Urban Developments)
Rental Loans (DSCR)
Blanket Loans
Portfolio Loans
Multifamily Loans
Single family Units and Multifamily Units
Office Space
Industrial
Healthcare, assisted living facilities, hospitals, hotels
Mixed Use
Retail loans
Storage Unit facility loans
Rate & Term, Cash out and purchases are all available

Whatever your lending needs may be, don’t hesitate to reach out to us. We are happy to talk to you about what your lending needs are and get the process started on the journey to financing your goals.

Please email your scenario and lending needs to the email attached to this post and be sure to leave your contact information!


www.theholsapplecompany.com

Depending on what your existing properties are cash flowing, I could possibly help you look at Pref equity that wouldn't effect your existing interest rate, but also wouldn't be a second lien on the property. Let's connect.

I would love to connect and learn more about the strategies you have in mind and see if a partnership with us would be beneficial for you!

I can help, Let's connect.

I'm with a direct lender, if you want to connect we can review this week whenever works best for you.

Happy to review your loan details and get you a price as early as tomorrow morning if you're open to a DSCR loan.

@David Rutledge

I haven't seen 10% be an option. I have, however, seen multiple properties already owned cross collateralized. Always happy to connect.

@John O'Leary

I have lenders In the space that'll look at it.

If you want to send me the details