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Updated 4 months ago on . Most recent reply

User Stats

20
Posts
8
Votes
Tim Wade
  • Developer
  • McMinnville, OR
8
Votes |
20
Posts

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

Most Popular Reply

User Stats

412
Posts
337
Votes
Mike Grudzien
#5 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
337
Votes |
412
Posts
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
  • Loading replies...