All Forum Posts by: Nate Herndon

Hey Simon, here's what that would look like on a program I regularly use for Cleveland investors. My target closing timeline on a 30-year fixed DSCR loan is always four weeks from receiving appraisal payment.

• Loan summary & application
• Appraisal payment, initial documents requests, title/insurance orders (2-week front-end processing)
• Lender processing, underwriting, closing (10-14 days)

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Cleveland, Ohio

Quote from @Eduardo Cambil:

Hey BiggerPockets community 👋,

My name is Eduardo Cambil, and along with my U.S.-based business partner Rudy, we’re actively acquiring high-yield turnkey and light-value-add rental properties under $80K — primarily in Texas markets like Lubbock, Wichita Falls, and Abilene.

We’ve developed a repeatable acquisition model and are now looking to connect with hard money lenders, private lenders, or JV partners who can help us finance 100% of the deal (purchase + closing + minor rehab if needed).

✅ Our Strategy (Buy–Rent–Refi with DSCR)

Acquire below-market properties (usually $50K–$80K) that are turnkey or need minimal work
Lease immediately to Section 8 tenants – strong, guaranteed rents (typically $1,200–$2,300/month)
Stabilize in 1–3 months
Refinance with DSCR lenders at 75–80% of ARV within 6–12 months
Recycle capital to scale portfolio and repeat

🔎 What We’re Looking For

We’re seeking lenders/partners who can help fund:

95–100% of purchase price
Optionally cover closing and light rehab costs
Interest-only payments are fine — short-term (6–12 months)
We provide full transparency: comps, leases, exit plan, and communication

🏡 Example Deal (Recent)

Location: Lubbock, TX
Purchase Price: $58,000
Section 8 Rent: $1,430/month
ARV: $100K–$110K
DSCR Refi Target: $75K+ in 6 months
Net Cash Flow (while holding): ~$500–$600/month after debt service

We’re closing deals like this now and want to scale fast using private or creative lending partners.

💬 Who We Are

Eduardo Cambil – European investor/operator managing acquisitions, underwriting, and operations
Rudy Arrecis – U.S.-based co-borrower (credit ~690), boots on the ground, overseeing inspections, closings, and leases
Investing through a Texas LLC
Transparent, ethical, committed to win-win partnerships

If you're a private lender, hard money lender, or small funder open to financing lower-priced deals with solid cash flow and quick refinance exits — let’s talk.

We’d be happy to send you a 1-page summary, full deal package, or hop on a quick intro call.

Thanks in advance 🙏
Eduardo

Hey @Eduardo Cambil, I have a program that is tailor-made for a BRRRR investor. Would be happy to connect and discuss further.

• Finance 100% of purchase + rehab with our team
• Deposit cash with lender as your collateral (15% of project cost)
• Higher leverage (100% financing) should allow for 80% rate/term refi vs. 75% cash-out refi
• Refinance with 'no seasoning' or 90-day seasoning DSCR program
• Lender reimburses your 15% deposit after receiving payoff from your refinance
• Minimum DSCR property value of $75,000 (which you are planning to hit)
• Section 8 acceptable

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@Neela David here is what that DSCR loan would like for Ohio investors that I work with. The Cleveland area is doing really well for residential investments! Wise choice looking in that area.

1 Vote

Cleveland, Ohio

Hi @Jane Gold, feel free to shoot me an email and I can connect you with a client of mine who uses the BRRRR method and also does work for other investors in B-ham.

1 Vote

Birmingham, Alabama

Hey @Casey Graham, I've got a property data tape that I can email your way if you want to send a message my way. It is mostly for the purpose of qualifying for DSCR loans and calculating your DSCR per property, but with a little modification in Excel you could add those additional data points you're looking for.

1 Vote

For sure, would be happy to connect for a call. We broker for that program so I would be your best point of contact on obtaining a loan summary, next steps, etc. Will send you a quick DM.

1 Vote

Quote from @Jace Perry:

Which lender has the best LTV LTC coverage on SFR new construction? Looking to broaden my network of lenders.

Hey Jace, the program that I utilize most frequently for my clients includes the closing costs in the LTC calculation, so that helps a little - and they will finance 85% of the project.

• 85% LTC
• Closing costs financed
• Interest on drawn funds only
• Interest deferred until loan exit
• 18-month term

Hopefully that gives you a better idea of what's out there.

1 Vote

Hi @Paul Scammacca - a DSCR loan will not take your personal debt-to-income ratio into consideration. DSCR loans are based on a Debt Service Coverage Ratio, which is calculated as the property rental income (appraised market rents on a purchase) divided by the property debt (monthly principal, interest, tax, insurance). As long as the 'ratio' is a 1.00 or greater, aka breaking even or positively cash-flowing, you can get that loan.

These are 30-year fixed loans for investment properties and do not require your personal income, taxes, or debts be taken into consideration.

Here's a good BP article explaining how you can use these:

https://www.biggerpockets.com/blog/questions-and-answers-abo...

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Hey @Eric Fernandez - honestly, these are pretty decent terms given the scenario! I've got a sub-$100k program that I use often and my clients would get something like what is shown below.

Rate isn't wildly important at these loan amounts, though. When you're talking about 0.50% at a $60k loan, that's about a $20.00 per month difference.

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Birmingham, Alabama

Hey Michael, there's quite a few programs that I utilize for clients of mine who only desire a 10% down payment. Some are first-time investors, others are very experienced. 10% down payment is available for both ends of the spectrum depending on the deal numbers.

Shoot me a quick DM or email and I'd be happy to lay out the options available to you.

1 Vote

All Forum Posts by: Nate Herndon

Nate Herndon has started 1 posts and replied 220 times.

Post: Looking for DSCR Lender for $115K Loan – 20% Down