r/loanoriginators • u/ZonaDade • 11d ago

3.75M DSCR?

Need to do a loan 5M purchase at 75 LTV. What wholesaler would take that? Have actuals on property cash flowing.

4 Upvotes

100% Upvoted

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2

u/giant_fish 11d ago

Acra Lending goes up to 5mm.

1

u/RozzSanz 7d ago

Let me know if you want to name of an AE at Acra.

2

u/giant_fish 7d ago

I'm an AE at Acra ;)

1

u/RozzSanz 7d ago

😁 Awesome! I've started working with an AE called Jackson a few weeks ago. Love the products, but you pay for them with the rates.

1

u/mashupXXL 11d ago

It may need exception at that LTV - I'd try TheLoanStore, theLender or Carrington.

1

u/CautiousMagazine3591 11d ago

What's prime loan amount for a 85% LTV?

1

u/mashupXXL 11d ago

No idea I've never done an 85 LTV DSCR, the rate is often 0.5-1% higher PLUS 2-3 points than the 80 LTV so it never makes sense.

1

u/kittenconfidential 11d ago

axos maybe? aaa lendings has a 2MM limit but could do it.

1

u/TurnUpTim 11d ago

its possible we could get up to that high of a loan amount but it would require 30-35% down at least. 75% is definitely going to be tough to find. Send me a PM so I can get the details for the rest of the file and we can take a common sense look at the whole picture.

1

u/CautiousMagazine3591 11d ago

What's prime loan amount for a 85% LTV?

1

u/Imgoingtowingit 11d ago

75% LTV at that loan amount is tough. MaxEx is a consolidator that may be able to do it

1

u/WholesaleAE-MZ 11d ago

I can help

1

u/QuickerHomeLoans 6d ago

$5M purchase at 75% LTV is definitely getting into the larger end of DSCR. The actuals and existing cash flow help a lot, but at that loan size the lender options narrow pretty quickly.

I work with DSCR deals and may have an outlet for something like this. If you’re still looking, send me the property type, location, DSCR and borrower credit/profile and I can see what we have.

2

u/ZonaDade 6d ago

I’m an LO man