I noticed a few new players lending in the Bay Area multifamily bridge space at 90% LTC, and I had a feeling the party would end soon.

@Robin Morales I think we're still seeing most players in my market standing on the sidelines.

This will create a motivated seller market with subject-to hybrid strategies probably dominating the scene.

There are a few players that make a great living in those areas, but majority would not. 

But there are still a ton of players.. and hopefully this will be short lived.But its really going to affect those who provide rehabbed rentals to the open market if that credit dries up.. 

The fix n flips and the hard money can still be done, but expect larger down payments and lower ARV's to dominate the day.

@THU NGUYEN Is a huge player too.

Now, the rates are high due to all the fears of defaults in the coming months in the market and all the major players tightening up their lending guidelines and pulling out of certain loans all together. 

You can also do that as a part time work at home gig on top of a dayjob if you know what you're doing.I'd also tell you I'm predicting our Aviation companies are going to be in a slump in the next year or so and for several years thereafter due to this virus pandemic - I'm guessing it will take a long time for travel to get back to where it was -- I could be wrong and hope I'm wrong - but Wichita is Aviation dominant and we always lag the local economy usually when it comes to a downturn and take longer to come back.  

from what i am reading here on BP  Non QM investor loans are seeing some of the major players Pause / stop for now.Jumbo loans seem to have really tightened the criteria leaving few who could qualify it seems like There is no question of lending tightening up here in the short term..