To sum up my experience, my commercial mortgage loan originations are booming; we’re getting 12.75 - 13.5% interest with 4 points for 12 month loans at 40-60% LTV.The purchase of existing loans from lending institutions has dried up for us, as buyers are offering more than we feel is warranted, and they are buying “dubious” assets.  

My primary about 50K (just acquired last year).Secondly, in your experience, what do you typically see for repayment length?

They may have completed other peoples loans fine but this has been our experience with them unfortunately.

I believe in the power of real estate to generate lasting impact and am eager to navigate this journey with a blend of patience, education, and collaboration.I would greatly appreciate any advice, insights, or experiences you’re willing to share, especially regarding navigating investments both within and outside the Bay Area.

Anyone here have experience in this area to point me in the direction to find out if STR is allowed where I am attempting to purchase?

If so, what was your experience?

There's a lot to unpack here... and it's not my goal to be a 'downer' on your aspiration... but just telling you my experiences to caution you about being new to the game...First - I don't think we know what state you live in, so just know that foreclosure auctions are handled very differently all across the country.  

I have not owned a venue before but have extensive event planning experience. 

In my experience, if you don't have that edge, you will likely struggle at active investing and you are better off in syndications.

If so, can you share your experience?