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Updated over 1 year ago,
Any DSCR lenders for STR that use AirDNA & allow seller financing for down payment?
Looking for lenders that service TN that will use AirDNA to determine DSCR for short term rental AND that will allow the seller to finance (second position) the portion of the purchase price not covered by the main DSCR lender... has anyone ever had any success finding one? In other words, lets say the DSCR lender will only lend 75% LTV but they will be ok with the seller financing the other 25% so an actual cash down payment won't be necessary. I know it will be slightly riskier for the main lender but most of the risk will be taken by the seller since they would be second position. Thanks!