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All Forum Posts by: Zach Edelman

Zach Edelman has started 18 posts and replied 1211 times.

Post: Debt Service Coverage Ratio

Zach EdelmanPosted
  • Lender
  • Austin, TX
  • Posts 1,246
  • Votes 1,275

BiggerPockets has a list of recommended DSCR lenders. Would look there.

Post: 1007 Market Rent Came in Lower Than Mortgage Payment...

Zach EdelmanPosted
  • Lender
  • Austin, TX
  • Posts 1,246
  • Votes 1,275

@Branden Barber did this impact your loan terms at all?

Post: Looking to obtain a DSCR Loan

Zach EdelmanPosted
  • Lender
  • Austin, TX
  • Posts 1,246
  • Votes 1,275

Did you find a lender yet? I specialize in lending on STRs, so this sounds like something I can help you out with and get you high-leverage with solid terms. 

Quote from @Char Hatch:

I think we are too far down the rabbit hole at this point. But I will keep you in mind if my client wants to continue doing DSCR loans.


 No worries! Best of luck with closing. :)

Quote from @Char Hatch:

I am a realtor and my buyer wanted to use them for a DSCR Loan. It has been an absolute nightmare. We are 2.5 weeks after our original 4 weeks closing date and there is really no reason why we haven't closed yet. I would advise against them at all cost!!

 @Char Hatch are you still mid process? Would be happy to save the deal. 

Quote from @Andrew Steffens:

In light of recent events apparently it is not easy to find a lender that will work with Canadian buyers at the moment. This will be for a STR so we would love a 10%v down second home loan but if that is asking too much than 20% will work fine. Can be conventional or DSCR. Client is a pro hockey player in Europe but does have Canadian Citizenship and a US tourist visa. Purchase price likely around the $600k mark. Thank you!


 What type of specific VISA is it?

Post: Investment Property Mortgage Rates

Zach EdelmanPosted
  • Lender
  • Austin, TX
  • Posts 1,246
  • Votes 1,275

DSCR Rates for STRs are right now in high 6's to mid 7's range. They will have prepayment penalties though, but this is customizable. Typically though, as you go down in duration in prepayment penalty, the rate/points goes up. Hope this helps!

150% you can get a DSCR loan for an STR. Just make sure that lender is using AirDNA projections or STR data to qualify the loan.

Would love to help and do rural STRs frequently. None of the "issues" you mentioned above are problems. Will reach out!

Post: Looking to BRRR then Airbnb. Are there lenders?

Zach EdelmanPosted
  • Lender
  • Austin, TX
  • Posts 1,246
  • Votes 1,275

Yes, there are lenders that do do this. You'll want to find one that can use AirDNA projections to qualify the loan and doesn't require a full 12 months of bookings.