Let’s talk about what people want in their STR that allow them to then pick the location of their property.There are several defining characteristics that truly make an STR great.

Hard money lender refers to the characteristics of the loan being made; Private lender refers to the characteristics of the lender making the loan.  

Due to some of the aforementioned reasons, we've found equivalent capital invested can be compounded in Oregon with greater cash on cash and yield compared to properties of equivalent features or characteristics in other nearby locations.

I haven’t done one yet with those characteristics so curious if anyone has input ?

Factors to consider include population characteristics, economics, climate, and overall stability.

>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.

However, the very experienced and grounded investors can figure out cap rates and multiple other carefully assessed characteristics to come out ahead.

Tell them straight up that there is no basis for their request; houses that has been used as meth labs have specific characteristics that this one never has and cannot be rented until after thousands of dollars in testing ($5k to $50K) and a total gut of the interior is completed. 

“However, strong borrower credit characteristics and favorable home equity build-up for the majority of homeowners should moderate the frequency and severity of ultimate mortgage insurance claims.”

So secure a great tenant, understand the characteristics of the community and build an outstanding working relationship!