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

Loan Type

DSCR

Market

Dallas, Texas

Loan Amount

$1,890,500

Loan to Value

Term:

5/1 Interest Only, Amortized over 30 years

Prepayment

5/4/3/2/1 Step Down

Rate:

7.25%

Recourse

Full Recourse

Lennox Lending can help with your financing needs

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.