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Updated 11 months ago on . Most recent reply
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
Most Popular Reply
Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
- Lender
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
- Lender
Yea this one is tough, but I may have a lender that can help with rural properties. We would just need to confirm her experience as an STR investor.
Rate will not be pretty...
- Erik Estrada
- [email protected]
- 818-269-7983
LuxePrivate Investments LLC
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