In a small town of Alaska and at the peak of COVID there was no Negotiation at that time haha.

Hey Patrick, This would be a DSCR loan.

This also probably ensures that they will continue to depreciate against the US dollar over time. 

Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

Then you’re going to ask her to give you a 3 year 0% loan?

Hosts lost tens of thousands of dollars.

You do have to keep an eye on your write offs to ensure you are showing a good NOI and not using too many write offs to show enough income to use for bank/lender underwriting on a mortgage/loan.

Happy to send over some referrals - some are better for big rehabs vs small cosmetic vs subcontractor only projects.

What’s the purpose of the loan and what is the collateral?