All Forum Posts by: Zach Edelman

Yes. Some go to 15%!

What loan amount are you seeking/do you need?

80/20 might be tough, but I think you can definitely achieve 75%. Worst case you can have your loan be "Partial Interest Only" which means the first 10 yrs of the loan are interest only, and the following 20 are fully amortizing. The lender should be able to go off the interest only payments for their DSCR calculation, and what this allows for is a higher DSCR, and as a result, higher/more allowed LTV. Hope this helps/makes sense!

A DSCR loan sounds like a great option for you based on the fact that you already own five properties which I presume have conventional mortgages on them, based on your post.

I financed an STR acquisition in Hunter, NY very very recently, but it was an SFR. The only concern would be value wise if the property couldn't achieve the sales price in value or higher using a sales comp approach, or a blend of the sales comp and income approach. Do you have an appraisal on hand?

BiggerPockets should have a list of recommended DSCR lenders that you can reference!

Yes. Maybe not at these exact terms but similar for sure. For example, we offer up to 85% LTC on GUC loans, with us funding 100% of rehab. The way the numbers shake out, it probably is close to 75/100 or 80/100.

How many/what's the % of units owned by investors? Certain lenders can accept higher than 50%, and may be able to execute even with an exception. 

11% and 3% is way too expensive IMO. 

BP should have a list of recommended options!