Need Dscr Blanket Wholesale Lender
Any recommendations for DSCR wholesale lenders that will do a blanket loan on 7 properties ranging from 85,000 - 240,000. Total value 850,000, DSCR ratio over 1.25, 2 duplexes and 5 single families. Please let me know if anyone can do this.
Most Popular Reply
#3 Mortgage Brokers & Lenders Contributor
- Lender
- 1,683
- Votes |
- 6,192
- Posts
#3 Mortgage Brokers & Lenders Contributor
- Lender
Hey Matthew,
There are several lenders that can do this. But they are usually not a strict wholesale lender where they do not have a retail shop.
From the top of my head, you can do this with Lima One, Easy Street, Kiavi, and other big box lenders. They are just more strict on the DSCR if you are trying to finance them on a portfolio. The properties below $100k will be difficult to finance on a portfolio since most lenders are valuing each asset individually (not the entire portfolio)
You may want to try a local commercial bank first to see if they are able to value the entire portfolio, not individually.
- Erik Estrada
- [email protected]
- 818-269-7983
