All Forum Posts by: Stacy Raskin
Stacy Raskin has started 153 posts and replied 817 times.
Post: New to investing - looking for a investor-friendly Hard Money vendor for a fix n hold

- Lender
- Posts 830
- Votes 289
@Cedric Bruce-Kotey, I work with lenders that will work with investors do fix and flips with any level of investor experience where the middle mortgage credit score as low as 660. The lenders with lend on non-owner occupied single family and multi family up to 4 units.The lenders will lend on a 80% of purchase price (so the buyer/borrower comes in with a 20% down payment) and 100% of construction loan amount with maximum after repair value LTV 70%. They offer up to 12 month interest only payments.
Your exit plan at that point (or before the 12 months are up) is to sell the property of finance into a longer term loan if it's going to be a rental such a DSCR loan.
These lenders also do DSCR loans.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760+ generally gets best pricing for investment property loans with most lenders
2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Are you cash flowing the property? Is your DSCR ratio greater than 1-meaning are you cash flowing. Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit.I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350 Insurance = $100 Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100 Association Dues = $25
Total PITIA = $1875
Rent = $2300
DSCR = Rent/PITIA = 2300/1875 = 1.23
DSCR lenders generally let you vest either individually or as an LLC. It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.
Post: Cash Out Refi Portfolio Lenders Offering 30 year Fixed

- Lender
- Posts 830
- Votes 289
@Travis Cogburn, if you're looking to cash out individual properties, DSCR can be the way to go.
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth as it doesn't consider borrower income or borrower debt to income (DTI) ratios.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760+ generally gets best pricing for investment property loans with most lenders
2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Are you cash flowing the property? Is your DSCR ratio greater than 1-meaning are you cash flowing. Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit.
4. Length of prepayment penalty- Generally prepayment penalties run from 1-5 years. The longer the prepayment penalty term the less of an impact on the rate.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350 Insurance = $100 Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100 Association Dues = $25
Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23
Generally lenders will let you vest the title in your name or an LLC name.
Post: Commercial Loans for under 10 units

- Lender
- Posts 830
- Votes 289
@Welsh Tucker, it's possible to get a fixed 30 or 40 year DSCR loan. Generally there are programs that have rates and guidelines for 1-4 units and separate rate and guidelines for 5-8 units.
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth as it doesn't consider borrower income or borrower debt to income (DTI) ratios.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760+ generally gets best pricing for investment property loans with most lenders
2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Are you cash flowing the property? Is your DSCR ratio greater than 1-meaning are you cash flowing. Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit.
4. Length of prepayment penalty- Generally prepayment penalties run from 1-5 years. The longer the prepayment penalty term the less of an impact on the rate.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350 Insurance = $100 Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100 Association Dues = $25
Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23
Generally, lenders will let you vest the title in your name or an LLC name.
Post: DSCR Loans with up to 85% LTV

- Lender
- Posts 830
- Votes 289
DSCR loans are a great way to supercharge your investment goals and net worth. Depending on the loan program, the mortgage will only be qualified off of your middle credit FICO credit score, down payment and market or actual rents not off of your personal income.
More details:
- Loans available for purchase, cash-out and rate & term refinance
- 85% LTV for single family purchase only with a minimum middle credit score of 720. Purchase price up to $1.5M.
- Loan amounts up to $1,500,000. Minimum loan amount $100,000.
- LTV are up to 75% for cash out.
- Non-warrantable condos and condotels permitted.
- Rate buydown feature available.
- DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.
- Single family home purchases that will be short term rentals can be structured off of AirDNA with a 20% expense factor- for this program only no first time investors. For this product only DSCR ratio must be 1.2 or above. An example for easy math, is the rent would have to be $1,200 or above if the mortgage, property taxes and insurance (and HOA if applicable) would be $1,000 or below.
- Additional program for 2-4 units can be structured off of short term rentals with additional requirements. Minimum 700 credit score, 25% minimum down payment with 1 year short term rental history required. 30% down payment is required with no short term rental history. Minimum 1.25 DSCR based on AirDNA rentalizer. Please contact for additional details.
- Qualify on Interest Only payment which is great for cash flow. 10 year interest only payments converting to 30 years principal and interest. Fully amortized fixed interest loan.
I work on DSCR loans in all U.S. states except for Arizona, Idaho, Iowa, Michigan, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Utah. There are different products available depending on the state. Please inquire. I look forward to hearing from you.
Post: DSCR Loans with up to 85% LTV

- Lender
- Posts 830
- Votes 289
Quote from @Michael Smythe:
are you posting this daily?
Good to get the word out to the investor community and I'm not expecting them to scroll through 10 pages of posts from a week ago to find mine : )
Post: DSCR Loans with up to 85% LTV

- Lender
- Posts 830
- Votes 289
15% is for SFR. DSCR is for 1-4 or 5-8 (different programs) but for 2-4 it will be a 20% down payment minimum depending on credit and other factors.
Post: DSCR Loans with up to 85% LTV

- Lender
- Posts 830
- Votes 289
DSCR loans are a great way to purchase or refinance an investment property and supercharge your investment goals and net worth. Another benefit, you don't need to use personal income to qualify so they are usually easier and faster to fund. Depending on the loan program, the mortgage will only be qualified off of your middle credit FICO credit score, down payment and market or actual rents.
More details:
- Loans available for purchase, cash-out and rate & term refinance
- 85% LTV for single family purchase only with a minimum middle credit score of 720 with a DSCR ratio of 1.2. An example for simple math of a 1.2 DSCR ratio, monthly rent would have to be $1,200 to support property expenses of $1,000 (mortgage, property insurance and taxes (& HOA if applicable). Purchase price up to $1.5M.
- Loan amounts up to $1,500,000. Minimum loan amount $100,000.
- LTV are up to 75% for cash out.
- Non-warrantable condos and condotels permitted.
- Rate buydown feature available.
- DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.
- Single family home purchases that will be short term rentals can be structured off of AirDNA with a 20% expense factor- for this program only no first time investors.
- Qualify on Interest Only payment which is great for cash flow. 10 year interest only payments converting to 30 years principal and interest. Fully amortized fixed interest loan.
I work on DSCR loans in all U.S. states except for Arizona, Idaho, Iowa, Michigan, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Utah. I look forward to hearing from you.
Post: Non-QM Product Insight

- Lender
- Posts 830
- Votes 289
@Greg Franck, DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth as it doesn't consider borrower income or borrower debt to income (DTI) ratios.
Here's a bit more in detail about how rates are calculated for DSCR loans:
1. Credit score- the higher the best. 760+ generally gets best pricing for investment property loans with most lenders
2. Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit. So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.
3. Are you cash flowing the property? Is your DSCR ratio greater than 1-meaning are you cash flowing. Many lenders will not do a DSCR loan unless cash flowing. If they will do a loan with less than 1, the pricing takes a hit.
4. Length of prepayment penalty- Generally prepayment penalties run from 1-5 years. The longer the prepayment penalty term the less of an impact on the rate.
I've included an example below to help illustrate this.
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.
See example below:
DSCR < 1
Principal + Interest = $1,700
Taxes = $350 Insurance = $100 Association Dues = $50
Total PITIA = $2200
Rent = $2000
DSCR = Rent/PITIA = 2000/2200 = 0.91
Since the DSCR is 0.91, we know the expenses are greater than the income of the property.
DSCR >1
Principal + Interest = $1,500
Taxes = $250, Insurance = $100 Association Dues = $25
Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23
Generally lenders will let you vest the title in your name or an LLC name. I'd be happy to discuss further.
Post: Investing in the US market

- Lender
- Posts 830
- Votes 289
There are loans for foreign nationals from U.S. lenders if you're buying investment properties.
Post: New investor in need of serious advice please

- Lender
- Posts 830
- Votes 289
Is there a short term rental market where the property is located/is it allowed? I've seen investors often do better in the short term rental market depending on the area.