All Forum Posts by: Stan J.

Hi @Stan J., we are based in suburban Chicago and offer up to 85% LTV on DSCR purchases and up to 90% of the purchase price and 100% of the rehab budget on fix and flip transactions.

I'm happy to have a conversation to see if you are a good fit for us.

What are the requirements for 85% LTV? Is there a threshold for FICO?

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Quote from @Chris Seveney:

Quote from @Stan J.:

I'm looking for a private lender who I can scale with. Ideally we would meet in person (Midwest region).

tough to find one for DSCR as most DSCR loans get securitized and not held on books and have stringent requirements.

That's why I'm looking for a private lender and ideally one that is local

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Quote from @Patrick Roberts:

Lenders who will allow 15% down are out there, but the terms will be horrible to the point that most deals arent profitable. From a lender's perspective: 25% down is the gold standard, 20% down is meh, and 15% gets sketchy.

If it's a quality investment, the % doesn't matter. I don't blame lenders though. It takes skill to go unconventional.

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Quote from @Erik Estrada

Have you considered getting a JV partner instead? You will be able to secure favorable terms finding a partner or saving up for the extra 5%.

I'd rather run solo. I'll eventually find someone who wants to make money

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I'm looking for a private lender who I can scale with. Ideally we would meet in person (Midwest region).

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I'm looking for a private lender who I can scale with. Ideally we would meet in person (Midwest region).

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Quote from @Scott Wolf:

Quote from @Stan J.:

Quote from @Erik Estrada:

Quote from @Stan J.:

Quote from @Erik Estrada:

85% LTV is possible on a DSCR loan. The rate will be pretty high

Without a 740 FICO? I'm also looking for no PPP if possible. If you're able to help, I'm happy to chat.

740 FICO minimum and 1 Year PPP minimum

Right so FICO is still the hurdle lol. I have yet to find a lender who is flexible

So, what is your FICO? We can go down to 640, but not with less than 20% down.

700 - 720. 720 is more reasonable

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700 - 720. 720 is more reasonable

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Quote from @Erik Estrada:

Quote from @Stan J.:

Quote from @Erik Estrada:

85% LTV is possible on a DSCR loan. The rate will be pretty high

Without a 740 FICO? I'm also looking for no PPP if possible. If you're able to help, I'm happy to chat.

740 FICO minimum and 1 Year PPP minimum

Right so FICO is still the hurdle lol. I have yet to find a lender who is flexible

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Quote from @Sean MacDonald:

Quote from @Stan J.:

I'm looking for a private lender who I can scale with. Ideally we would meet in person (Midwest region).

I'm wholesale, but we can do 15% down at 740, if you have a preferred broker!

Maybe I typed it incorrectly, but I can't do 740 unless I don't get a hard pull for the next idk 2-3 years lol

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All Forum Posts by: Stan J.

Stan J. has started 4 posts and replied 14 times.

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?

Post: Any private lenders who allow less than 20% down payment and 740 FICO for DSCR loans?