Cayden Wilson | DSCR & Hard Money Loans

This one had a few things working against it from the start.

My borrower is based in California and was purchasing a new rental out of state. His source of funds was a HELOC, and the smaller loan size narrowed down the lender options pretty quickly.

Still, the deal made sense, the property cash flowed, and we were able to get it closed in under 30 days.

He now owns two solid cash-flowing units with a 2.00+ DSCR and another property added to the portfolio.

These are the deals I like working on because they usually aren’t difficult for one big reason. It’s a handful of smaller issues that all have to be structured correctly.

Out-of-state borrower. HELOC funds. Smaller loan amount. And we still got it done.

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