From The Real Deal · TRD Staff · · 40s
Mortgage Product Boosts Small Investors in Distressed Markets
Small investors use debt-service coverage ratio loans to buy distressed properties in cities like Cleveland and Baltimore.
In brief
Small investors use debt-service coverage ratio loans to buy distressed properties in cities like Cleveland and Baltimore. Small investors are using debt-service coverage ratio loans to buy distressed properties in Cleveland, Baltimore, and other cities with low prices. Originally reported by The Real Deal.
Small Investors Target Distressed Markets
Small-time investors are using debt-service coverage ratio loans to buy properties in dilapidated neighborhoods with low prices.
Cleveland Investor Finds Cheap Deals
A Cleveland investor said she never paid more than $24,000 for a property in the city’s worst neighborhoods.
Fraud Cases Trigger Lending Decline
Baltimore’s private lending dropped 40 percent year over year due to fraud cases and foreclosure crises.
The key point
Small investors are using debt-service coverage ratio loans to buy distressed properties in Cleveland, Baltimore, and other cities with low prices.
