However, we are able to offer this type of financing internally with our own funds on a case-by-case basis, taking into account the borrower’s profile, the property’s condition, and the scope of work.

The math is obvious but there's a natural tendency to go for properties you can obtain at a lower basis.

STR....I can only imagine the groups of individuals who will rent this house on a short term basis.

We intake county record updates daily.

That does not even include the one or two deals that happen daily or weekly between realtors who know the buyer/seller and make a deal happen as almost an off-market deal.

If you are willing to wait we are most likely going to see 100 basis point cut over the next year and a reduction in the spreads that lenders are working off of.

But ever morning for the last 2 weeks I see the 10 year T-bill up another 10 basis points or so, and the mortgage market is following suite.

I believe that's the reason motels rent on a weekly basis.

I'm wondering about servicing these after completion on a longer term basis following a DSCR guideline as they will be rented, and then selling them in a secondary market.

I have been pressuring daily the builder for answers and im not getting any updates.