All Forum Posts by: Hemant Karira

Private lenders will fund the construction of your ADU. They will typically request an architect's letter that confirms that the project is as of right and requires no variance, which tends to be the case. That would be a 12 to 18 month bridge loan that you could later refinance into a 30 year DSCR loan.
Let me know if you have more specific questions on funding so we can help you out with the planning and funding of the project.

Regards,

Jackson.

Yes please, I'd like to get more details please.

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Riverside, California

Thanks for your revert, @Nicolas Coulter - Apparently we do not prefer going the HELOC route and were hoping if there are other options out there? Please advise!

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Riverside, California

Team - We plan to 'BUILD' an ADU in our backyard needed to know if there are any "Non-Traditional ADU financing options" out there? Eventually we plan to rent the ADU for Medium or Long Term rental, and not sure if DSCR loan will qualify for such an arrangement. Please let me know. Thank You!

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Riverside, California

Quote from @Paul Sandhu:

I've rented to a few travelling nurses. Standard stay is 13 weeks. They tend to be psychotic or a mutt in my experience. There is nothing wrong with that. I normally rent to psychotics or mutts. Just watch out for psychotic mutts. You'll have problems with them.

Which market is this please?

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All Forum Posts by: Hemant Karira

Hemant Karira has started 1 posts and replied 4 times.

Post: Non-traditional ADU financing options?

Post: Non-traditional ADU financing options?

Post: Non-traditional ADU financing options?

Post: Short term rental close to hospitals