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Updated 4 months ago,
Looking for lenders to loan on rent-a-room student housing
Am penciling out a property and trying to see what our loan options are.
Post rehab, the property will be a 4bdrm 2 bath house, that's a few blocks from a college in southern WI, USA.
Would be rented to 4-6 college students (# TBD). These would be separate 12-month leases.
I'm looking for lenders willing to do a cash-out refi on this (we'd purchase and fund the rehab in cash. purchase price ~90k. rehab 60k. ARV 200k). Any suggestions on who to call?