.- Both Sterling and Bank of Marin offer financing to TIC developers for acquisition and renovation of buildings that will then be converted and sold as tenancy in common.

With 20 years experience managing my sfr and as a property manager for a broker and a bank, this switch into ABNB has been a learning experience.  

Bank related issues can be prosecuted for 10 years.

there was a follow up post where someone got a loan from them but for realistic rates  8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip  

Hopefully I get a break from loans transferring to new banks/ servicers for awhile, I'm over it.   

P&L, Bank Statement, DSCR etcVery common for investors to make the switch when they need to or when the cons are no longer greater than the pros compared to conventional loans.  

Bankers are generally not aware of hard money loan options, and even if they are, they don't generally refer them when they believe they can approve a loan to you from their bank.

Do not bank on setting a new neighborhood record on $ / sqft - be conservative in your numbers.

@Penny WilkinsonIf there are no comps, then I would try to ask community banks what they would be able to lend on it.

Our economic system has inflation, which favors the banks, baked into the system.