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Updated 8 months ago, 03/18/2024
DSCR, Rural, STR, Log Cabin
I work for a wholesale broker and have a client that is looking to purchase a short term rental in NC on approx 1 acre. The problem I keep running into is finding a lender who will allow a rural STR. We also need to confirm the build style but appears to be a log cabin. Borrower is very experienced with over 800+ credit score. Any suggestions?
DSCR 1.20
Rural on one acre
STR
Log Cabin
No state license req