Updated over 3 years ago on . Most recent reply
How to find a private lender
I'm currently under contract for a house I intend to use for a short term rental. ARV will double, maybe even triple once complete. CoC ROI will be anywhere from 65%-85% depending on market conditions.
I entered this contract with a DSCR lender. Once they started the appraisal they determined this property was too "unique" to find comps for. I'm not experienced with private lenders but I feel they will be the only ones that can help me in this situation. How do I find one that's legitimate?