I reached the 10 property limit with Fannie/Freddy loans on my Single family home portfolio. I recently found another property to purchase, my hard-money lender directed me to a DSCR loan. To my surprise, these investors can offer a 30 year fixed rate loan. The terms were favorable, 6.75% interest rates. I have a quote from Capital Fund 1. Unfortunately the closing did not occur. Has anyone else used DSCR loans? Can you provide some pros and cons on this type of funding?
