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Loan Programs Interested In

Foreign national secures long term DSCR financing of SFR portfolio in Dallas

DEAL OVERVIEW

Lennox Lending successfully closed an 8-property portfolio of single-family residences in the Dallas sub-market for foreign national investors. While some may find it challenging to secure long-term DSCR financing for non-resident investors, Lennox Lending rose to the occasion by finding the right lending partner to not only close the transaction, but also did so in a 35-day period.

  • LOAN TYPE

    DSCR

  • MARKET

    Dallas, Texas

  • LOAN AMOUNT

    $1,890,500

  • LOAN TO VALUE

    65%

  • TERM

    5/1 Interest Only, Amortized over 30 years

  • PREPAYMENT

    5/4/3/2/1 Step Down

  • RATE

    7.25%

  • RECOURSE

    Full Recourse

Recent Closing

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