Hi!  Evaluating a self-storage opportunity and would love folks' input on a few questions that I have, below.  Really appreciate any insights that you can provide!Questions: - Commercial Loan - what are the best terms...

Hi Eric....STR can be tough in DFW area, but some people still doing well, while many are bailing, seeing if they can turn them to MTR or even LTR. 

Our DSCR product is very STR friendly and heavily lean on AirDNA data vs appraisal.  

Keep in mind that this is also a very tough time to be entering the market as an agent because the inventory is so low.  

Consider different strategies like mid and short term rentals as I believe the Portland area would allow for success in both (although I have heard Portland proper is tough on STRs).Best of luck!

@Monty Alston sorry to hear about the tough situation that you are in but glad you are being proactive about it.

@Skyler Shively, as mentioned, it is a tough niche to find a lender for. 

I have done business with Dominion for their 30 year DSCR product. 

They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process.

I am curious if anyone has had any success using this product.