Fannie is pushing them and it will happen but it's not a reality yet at scale.Tim, I was wondering if you've seen any pull back from banks/financing institutions on new loans.   

A source of down payment funds is an unsecured line of credit from a financial institution.

Most banking institutions will require 25% down on a 5+ unit property.

Doug Pack a peer to peer leading loan Peer-to-peer lending (P2P) is a method of debt financing that enables individuals to borrow and lend money - without the use of an official financial institution as an intermediary.

DST's are going to have every kind of imaginable asset class that they might be interested in (can do more than 1 and provide broad diversification depending on the size of the exchange) all while being more institutional and hands-off than they are used to.  

Then the rent increase moratorium came, rent control was instituted, mandatory lease renewals, security deposit reductions, inability to evict for things like unauthorized pets and people not on the lease living in the unit, all happening at a time when my taxes are going up, my permit fees are going up, my insurance is going up (or being non-renewed), and everything else is going up, and I'll likely be increasing rent around once a year. 

Bank money will typically have 20-25 year amortizations with 3-7 year fixed periods. 30-year mortgages for investment properties (specifically multi-family) will fall in the private institutional lending bucket.

@William Li no, unfortunately most "institutional" loans will not allow this. 

Unless its a massive deal that can be sold in a CMBS, that doesn't exist with any institutional lender I know of.

First they instituted a moratorium on STR licenses.