You could also look into DSTs for 1031 eligible fractional passive ownership of institutional properties. 

Quote from @Connor Hibbs: Hi John,Most lenders are still able to lend on STR properties, just with a slightly lower LTV than most long-term rentals (5-10% depending on where you go).

So, that's a state where we would be super cautious about lending in second position. 

I guarantee he or she will not be excited about lending to this monster you're proposing. 

Private money lending often comes with fewer restrictions compared to traditional lending, but there are still a few costs you might incur throughout the process.Private lenders often charge points (1-3% of the loan amount) as an upfront fee.

Do you think I should go the Hard Money Lending route? 

He needs referrals to mortgage brokers for construction to permanent lending in NY.

Hey @Erich Hatch if you find someone who will lend or purchase a 30 yr loan, let me know.

I don’t want hard money lending since cost is too high and I have the cash to pay it if I want to. 

Look at how many people are doing seller finance right now lending money at stupid low rates and not taking the cash...