Lenders for Short Term Rentals and Multi-Family

[Matt Schreiber]

I wanted to post this to connect with people who have unique lenders that still have good products in this market. I have someone that can lend on short term rentals in NC, SC, FL, GA and VA and still do 10 percent down 5.75 percent interest on a 10 year ARM as long as it is a single family home. I also have a lender that can do 10 percent down on multi-family anywhere in Utah. My biggest challenge lately has been finding good terms anywhere outside of those areas. I am happy to share my people with anyone but I was trying to see if anyone else knew of lenders or credit unions who could do 10 or 15 percent down on multi-family or anyone who had a good product to finance a condo without the rates being 8 percent. I was also interested in DSCR loans but the terms that I have heard have been pretty rough. I spoke with someone from David Greene's team and it was around 8 percent with a couple of points and 20 percent down. I compared that with a handful of other DSCR lenders and it was about the same. Would love to connect with anyone who can still find a good loan in this market. Thanks