DSCR financing for multiple cabins in Hocking Hills

[Joshua Myers]

We have 3 A frame cabins built on a single 5.5 acre lot in Hocking Hills. It has been financed all cash so far and we plan on building a total of 6 additional cabins in phases over the next three years. We are exploring options, but aren't too excited about taking on 7 figures of debt on a construction loan. We are looking for a DSCR loan on the existing three cabins to use as permanent working capital while to fund the rest of the project via equity.

If anyone knows a good lender in the area that can work with these constraints please let me know.

Thanks!

[Robin Simon]

These are tricky and going to vary from lender to lender - typically true log cabins are not eligible for DSCR since they are too far out of the box versus a typical SFR.

We've tried to create a new property category this past year called "Cabin-Style" defined as:

still a grey area that is getting more developed, but this checklist should help differentiate between eligibility and non-eligibility for most DSCR Lenders