All Forum Posts by: Ravi Punn
Ravi Punn has started 0 posts and replied 11 times.
Post: Can you get a DSCR loan on a property before its rented?
- Lender
- New York
- Posts 11
- Votes 15
Quote from @Yael Maroko:
That's what I want to avoid.. I want to have the loan at the closing. The down payment will be y own cash
Absolutely — great question, and one I get all the time.
Yes, you can get a DSCR loan on a vacant property. If the rehab is light and the property is close to rent-ready, many lenders will use market rent comps (via Form 1007 or STR1007) to underwrite — no lease required, and no seasoning needed.
If it still needs work, you may need a short-term bridge loan first and then refi into a DSCR once stabilized. But if it's clean and rentable, 75% LTV is definitely doable with the right FICO and DSCR.
We recently closed one just like this — vacant duplex, no tenants, closed in under 2 weeks using projected rents.
Happy to take a look at your deal structure if you want a second opinion — just shoot me a message.
— Ravi Punn
Easy Street Capital | DSCR & Bridge Lending Nationwide