Commercial property STR lendnig

Commercial property STR lendnig

Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes

Does anyone represent a wholesale lender or is a broker that knows of a lender who finances commercial (multifamily) properties that operate as AIRBNBs? More importantly, does anyone have an outlet that will appraise the property off of an income-based approach appraisal and not sales comparisons? Please let me know.

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  • Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    1y

    Financing a commercial MF that runs as an STR is possible.

    Appraising a property based on the income is not, whos to say a buyer would STR the property.

  • Devin PetersonBusiness Member
    OP
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes
    1y
    Quote from @Brandon Croucier:

    Financing a commercial MF that runs as an STR is possible.

    Appraising a property based on the income is not, whos to say a buyer would STR the property.


     IBAs are possible just looking for more outlets. Thanks!

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