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Updated over 3 years ago,
Financing a Condo for Student Housing
Anyone have a recommendation for an investor friendly lender who can close a condo deal quickly. The issue I'm running into is the current management company has it leased out by the bedroom. All the lenders I've talked to have a problem with this. As soon as they hear it's leased by the bedroom they think it's a boarding house and they either want to redo the lease, or they can't do the loan.
Any ideas?