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Updated about 2 years ago on . Most recent reply
Short term rental lending on multi unit
I am finding it difficult to find lending on more than 4 units, all to be used as short term rentals. It is a small one story building. Each unit is a true unit- they were not converted. Many DSCR lenders are saying they prefer only up to 4 units. It's too small for CRE's I have found. Has anyone done a similar deal and how did you finance?
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
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#2 Mortgage Brokers & Lenders Contributor
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- Austin, TX
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Jack Tulloch
#2 Mortgage Brokers & Lenders Contributor
Pro Member
#2 Mortgage Brokers & Lenders Contributor
- Lender
- Austin, TX
Hey Holly. Some DSCR lenders can go up to 8 or even 10 units on DSCR. I'd suggest reaching out to a few more and see who is the right fit.