New watchlist loan: 𝗙𝗼𝘂𝗿 𝗦𝗲𝗮𝘀𝗼𝗻𝘀 𝗥𝗲𝘀𝗼𝗿𝘁 𝗠𝗮𝘂𝗶 𝗮𝘁 𝗪𝗮𝗶𝗹𝗲𝗮.

From CRED iQ:

- 383 keys

- $234mm loan amount (~$610K per key)

- Loan matures on 5/9/24

- 0.93x DSCR in 2023

- 63% occupancy in 2023

Follow Shashankh Aryal for more on distressed RE.

📍 Mayapa 🥵
#AlterCalamba
#AlterLaguna

Not all SBA lenders are created equal

Some have different requirements for what they will finance

E.g.

Some accept a DSCR of 1.25x, while others need 1.5x

But the most important differentiator:

Are they going to show up at the closing table?

digging a little deeper, this airbnbust foreclosure is a canary in the coal mine for the DSCR space. read the fine print from the pool's presale research:

[DSCR] loans were not reviewed for regulatory compliance because they are **generally not subject to consumer regulations**

Just got this quote from lender for a DSCR cash out refi. What do you guys think? #retwit

Mortgage applications fall to lows not seen SINCE 1995‼️

In 2008, the real estate collapse was attributed only 20% to sub-prime loans.

The remaining 80 % of loans that led to the overvaluations of housing were speculation from investors such as those using DSCR mortgages to

The Importance of Home Appraisals in the Mortgage Process
..
RAJIV KUMAR KHURANA | LOAN OFFICER
818-322-5626 | NMLS #994658
..
#ownsership #homeowners #homebuyers #dollar #mortgagebroker #realestate #loan officer #loan #highlights #bankstatement #profitandloss #dscr

I had a lengthy conversation with one of my loan officer contacts yesterday.

She focuses mostly on DSCR loans and told me something surprising.

They've seen a major uptick in refi's and loan originations this month.

In fact, she told me 'May will likely be a record month for

Colin Robertson Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 How about 80/20 NOO back then? DSCR are 80% ltv, sometimes 75%. To state loan quality in the run up was similar to now is laughable to anyone that was in the industry bank then and now.

Danielle Gallant Perhaps you could elaborate on the municipal bond that will be created to fund the stadium and the credit enhancement component that requires DSCR of 2x to secure the bond payments. Where does the money from the bonds go?

This is why NV needs Schools Over Stadiums - education matters

New Issue Alert - BANK5 2024-5YR6

Deal Balance: $984.3M
Deal Type: Conduit
Loans: 46
Properties: 54

W.A. Mortgage Rate: 6.99%
W.A. Underwritten DSCR (NCF): 1.73x
W.A. Underwritten Debt Yield (NOI): 13.2%
W.A. Cut-off LTV: 56.0%
W.A. Maturity LTV: 55.9%

Some additional charts

Any questions from Down Payment Assistance to DSCR? I can help

DSCR is the new stated income stated asset loan

New Watchlist Loan.

Margaritaville Orlando.

From CRED iQ:

- 186 keys

- 2018 vintage

- 2023 DSCR reported at .55x and occupancy at 73%

- Watchlist due to upcoming maturity date of 9/9/2024

- Loan of $38mm / $204K per key

For more on distressed RE, follow Shashankh Aryal

Fairway has debt service coverage ratio (DSCR) loan options available that allow qualified buyers to finance up to $2,500,000! Reach out today to see if you qualify.

Fairway has debt service coverage ratio (DSCR) loan options available that allow qualified buyers to finance up to $2,500,000! Reach out today to see if you qualify.

🌟DSCRの計算例
物件2億円を期間30年・金利3％で全額借入金とすると年間の元利金返済額は1011万円。またネット利回り8％とするとNOI1600万円。DSCR＝1600÷1011＝1.58となる。
なお格付け機関の投資適格レベルの最低限のDSCRは1.6程度。1.2以下だと銀行は融資しない。1以下だと破綻する。

#JustFunded
$220,500 Cash-Out Refinance DSCR Loan on a Single Family Rental in Roanoke, Virginia! Roanoke is a historic city in southwest Virginia featuring tremendous natural beauty of the Roanoke River and the Blue Ridge Mountains!

Did you know you can purchase an investment property without showing income or employment verification? It's called a dscr(debt service coverage ratio) As long as the projected rent is more than the mortgage payment and you have decent credit, YOU QUALIFY. [email protected]

This borrower built a brand-new investment property. We qualified them for a refi based on short-term rental income and used the I/O payments to calculate the DSCR. The borrower was able to pay off the construction loan and move to a 30-yr loan to start generating income.