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Updated 4 months ago on . Most recent reply

Tim Wade's profile image
Tim Wade's profile image
Tim Wade
  • Developer
  • from McMinnville, OR
  • Member since Apr 12, 2017
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Tim Wade's profile image
Tim Wade's profile image
Tim Wade
  • Developer
  • from McMinnville, OR
  • Member since Apr 12, 2017
Connect
Tim Wade
  • Developer
  • McMinnville, OR
8
Votes |
20
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Classifieds

Private Money Lenders

Tim Wade
  • Developer
  • McMinnville, OR
Posted

Hi All,

I've got a great little portfolio of very successful vacation rentals in Oregon Wine Country.  I'm looking for a private money lender who wants a low risk quarterly payment on a second lien note against these properties.  Note term 3-5 years.

I want to pull out some equity to invest in a new development I am working on.

Anyone in the forum have any recommendations?  

Thanks!
Tim

Portland, Oregon
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Mike Grudzien's profile image
Mike Grudzien's profile image
Mike Grudzien
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Mike Grudzien's profile image
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Mike Grudzien
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Mike Grudzien
#5 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
339
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415
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Mike Grudzien
#5 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
Replied

Tim,
with a "great little portfolio of very successful vacation rentals", why not do a DSCR loan?
Mike

  • Mike Grudzien
    • 3 Votes
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