Long term financing for STRs that do not require personal guarantees

[Brennen McConnell]

My partners and I own and manage a portfolio of 15 short term rentals (STRs) in the greater Cleveland, Ohio area and we are adding more to our portfolio monthly. We would like to utilize more financing for the acquisition of more STRs and the refinance of existing STRs so that we can expand more quickly. We have taken out a couple loans on our STRs with personal guarantees in place, but we are seeking to add about 50 more STRs to our portfolio over the next 1-2 years and it is not feasible to provide personal guarantees on all of the loans. We are seeking a lending partner that would be willing to provide long term financing collateralized by the STRs and also by the LLCs that own them, which have other assets. We are fine with doing a very low LTV on these loans, as we realize it is a bit unconventional. So the lender would be well over collateralized by the assets themselves. We have a strong track record of operating STRs in-house which we can share with any lenders that would be interested in speaking more about the opportunity. Are there any lenders here, or does anyone know of lenders, that would be interested in exploring this further?