Traditional banks sometimes balk at it because they see it as riskier, but local credit unions or regional banks tend to be more open to it, especially if you can show a solid plan for development or resale.

We still get these blasts of arctic air when the yet stream is looping south and it gets really cold, but that's a week or two of really cold temps and not a sustained winter.

Since I did work with local credit unions, maybe I’ll try a regional bank or go with a commercial loan as you mentioned.  

I'm guessing national or regional banks don't really do that?

I wholesale and buy rentals in this region. 

It would be great to discuss opportunities and projects in both of our regions.

Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you]. 

Very selective process, and geographical regions- but this is an AMAZING tool for some people. 

I’m stating to look around some of the smaller markets outside of Boston, starting to dive deeper into market research to see if some of the more affordable areas are sustainable for rentals.  

Did it sustain damage?