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Updated over 1 year ago on . Most recent reply

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32
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13
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Feras Majeed
13
Votes |
32
Posts

Financing Unique homes and structures

Feras Majeed
Posted

Hello All! My partner and I found a nice property on 7 acres. We must take out a DSCR loan to purchase this property however a lender told us that the house is "too unique" and will not be able to help us. The plan was to put an offer on it, purchase it and run it as a short term rental.

Any lenders out there that have overcome anything like this? Please help!

Thanks!

Most Popular Reply

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766
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95
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Daniel Christopher
Lender
  • Lender
  • Miami, FL
95
Votes |
766
Posts
Daniel Christopher
Lender
  • Lender
  • Miami, FL
Replied
Quote from @Jay Hurst:
Quote from @Feras Majeed:

Hello All! My partner and I found a nice property on 7 acres. We must take out a DSCR loan to purchase this property however a lender told us that the house is "too unique" and will not be able to help us. The plan was to put an offer on it, purchase it and run it as a short term rental.

Any lenders out there that have overcome anything like this? Please help!

Thanks!


 What is "unique" about the property according to the lender?  Is it a log home? Geodesic dome etc?  That will help get your question answered. 

 Need more details as Jay mentioned. @Feras Majeed do you have a picture or description of the property?

  • Daniel Christopher
  • 619-815-8867
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