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Updated 28 days ago,

User Stats

148
Posts
176
Votes
Joshua Myers
  • Rental Property Investor
  • Columbus, OH
176
Votes |
148
Posts

DSCR financing for multiple cabins in Hocking Hills

Joshua Myers
  • Rental Property Investor
  • Columbus, OH
Posted

We have 3 A frame cabins built on a single 5.5 acre lot in Hocking Hills. It has been financed all cash so far and we plan on building a total of 6 additional cabins in phases over the next three years. We are exploring options, but aren't too excited about taking on 7 figures of debt on a construction loan. We are looking for a DSCR loan on the existing three cabins to use as permanent working capital while to fund the rest of the project via equity.

If anyone knows a good lender in the area that can work with these constraints please let me know.

Thanks!

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