@Ryan Taylor it's also worth noting the DSCR loan will have a pre payment penalty so a bridge loan might serve you better. 

Those who got a bridge loan with an unapproved lender or private money suddenly are stuck and would need to refinance with an approved lender and then hold for two years and then refinance with CMHC. 

I have an awesome house, not on the beach (by choice) but close enough plus walking distance to the walking bridge into the city as well as wedding venues, restaurants and bars and all the tourist attractions.

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

However, now that companies are (wisely) realizing the benefits of work from home, there are a lot of people able to buy a condo in Richmond at discounted pricing or an SFR in Vallejo because they know they don't have to come across the bridge 5 times a week with their laptop, just to pay for parking and be at an office (where they plug back in that same laptop).

Even within waterfront properties, you have to calculate several factors (fresh v. salt, time to open water, # of bridges, the height of bridges, canal width, seawall, etc). 

Now, let's talk about options – check out Fannie Mae or Freddie Mac loans, think about CMBS loans for flexibility, try local banks or credit unions, and don't forget private lenders or bridge loans for short-term fixes.

There are bridge loans available for upto 24 months on warehouses at 50% ltv