All Forum Posts by: Trina Woods

Love the way you handled the existing tenants and this deal! Bravo!

Hi Yael! I can surely agree with everyone on the DSCR route.

Here’s how it typically works:

No seasoning required: With DSCR loans, we don't usually require rental income history or ownership seasoning — we base underwriting on projected market rents, even if the unit is vacant at closing. So you're not stuck waiting months to qualify.

Rents based on market comps: We’ll use the appraiser’s Form 1007 Rent Schedule to estimate market rent. That's the number used to calculate the DSCR (Debt Service Coverage Ratio), so as long as it supports a ratio we're comfortable with — usually 1.0 or above — you're in good shape.

Light rehab is okay: If it's a light rehab and you're not changing the footprint or layout, it still qualifies for a standard DSCR loan. However, if it's more than cosmetic or you're planning to reposition the asset, we might look at a short-term bridge or rehab loan first, then refi into DSCR after stabilization.

LTV: 75% LTV is common if the property and borrower profile meet guidelines, even with no tenant in place. We'll look at credit, reserves, and the projected income to support that.

I hope this helps!

Hey there, Scott! Owning two properties outright in the Denver area is a strong position to be in — nice work.

If you're looking to finance a third property in Omaha with under 5% down, traditional lenders might be a bit limited, but there are definitely some creative ways we can structure this.

Here are a few options worth considering:

1. Leverage your current equity: Since your Denver properties have no debt, we might be able to tap into that equity — either through a cash-out refi or by using one of them as collateral — to help cover the down payment on the Omaha deal. This way, you're putting your assets to work without pulling from your savings.

2. DSCR or bridge loan: If the Omaha property is going to generate rental income (or already does), a DSCR loan could be a great fit. These focus more on the property's cash flow than your personal income, and we can usually structure them with a lot more flexibility.

3.  I’d love to hear more about the property in Omaha and what your longer-term game plan looks like.

Hi Daniel, welcome!

Welcome Noah! What are your thoughts, long or short term? Would love to connect.

Hi Iris! Congrats on what seems like a great deal. Would love to discuss an offer or two for your deal.

As a new loan officer, I’m really starting to see how much the economy impacts real estate. Right now, things feel a little unstable—rising costs, trade wars, and fluctuating interest rates are making borrowers more uncertain than ever. People are definitely leaning toward conserving rather than spending. That uncertainty always makes buyers and lenders more cautious. We’re not heading for a crash, and with rates dropping, we could even see more activity in the real estate market, but it’s clear that things are shifting. How are you all navigating the current market?

Welcome and congratulations, Donyea!

Happy to help with diving into your DSCR journey!

Hi Austin, pleasure to meet you. Happy to chat and go over 1 or 2 options with you.

Hey Raul. Congrats on your new venture! Would love to discuss a few options for your first deal.