Is KBS Lending putting you through the federal regulations on the refinance?

Riteash Tiwari look for a portfolio lender who does not need to follow strict Fannie/Freddie guidelines.Portfolio lenders do not have a limit of 4 or 10 properties and will include rental income to help DTI.

Also since the industry is regulated they can't place signs on the property, ads in the paper etc.Hope it helps some.

And what is the best source to get lease agreement forms and other necessary forms compliant with state/county laws and regulations? 

That way you don't lose TONS of money with:Hard money WILL have regulations on credit and incomeYou will have to get an appraisalYou will have to show experience with previous investment properties (My area requires 4 deals)You WILL owe that balance at the end of the term (If not you will get buried in extension fees) POINTS!

The on campus marketing is strictly dependent upon the schools.

As per commercial non consumer purpose loans, it would depend on the language of the specific state's laws, rules and regulations regarding loans, contracts, torts, etc., whether or not it is considered predatory lending or if lender liability can be invoked on some other issue.The real issue for me is that even if it passes muster in a particular state, what happens if the borrower files bankruptcy and does so utilizing Federal guidelines.  

I want to strictly adhere to no co-mingling of personal and business funds.I was at a bank just chatting with a mortgage officer recently, asking about financing MFRs and the formation of LLCs.

Yet, on the same token, since there isn't any guidance from the FTB, you may be able to convince an FTB agent that your structure is within the bounds of the regulations.  

As part of the application, there needs to be an entire "narrative" about my intentions with the property, addressing dozens of regulations and other points of interest, site drawings, signs on the property, and even attending a public hearing about my proposal.