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Updated 4 months ago, 09/16/2024
looking for lenders who would loan on a rent-a-room student housing property
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. est purchase price 90k. rehab 60k. ARV 200k). Any suggestions on who to call?
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