How to Qualify using DSCR Financing without Using Long Term Rental Income [stabilized bridge loan]

How to Qualify using DSCR Financing without Using Long Term Rental Income

HINT: stabilized bridge loan

I got turned down for a DSCR loan for a property that I am in contract to purchase in Joshua Tree. The plan is to furnish and rent as a short-term rental. The lender said the DSCR is under 1 when they did their appraisal. How can I get this financed?

Thanks,
Luca

Timestamps
[00:27] Go to a DSCR lender that looks at projection-based income
[00:48] There are some lenders that will go down into a project as low as 0.8 as a DSCR
[01:02] Do a stabilized bridge loan and borrow up to 75% of the purchase price
[01:15] Use an actual projection-based DSCR lender
[01:35] Book a call at http://bookwithbeau.com/
[01:41] Go to investorfinancingpodcast.com/ask to ask other questions

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#dscr #bridgeloans #bridgefinancing

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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