Non-recourse loan options for 2 mil STR

[Sarah Parker]

Hi everyone;

I'm looking for some non recourse loan options for a luxury STR investment property that will have multiple investors. We are establishing a new LLC to buy the home. The seller is open to partial seller financing of about 10-20%, and we will have about a 20-30% in cash from investors for the down payment. This is our first time trying to get a loan this large (about 2 million), but the deal looks very very good.
Is getting a non recourse loan for this through an LLC possible given the details I listed above? If so, do you have any lender recommendations?   

[Erik Estrada]

Quote from @Kerry Baird:

I'd be surprised if you can get a mortgage in this manner, at this time. The DSCR broker I have been using said one day STR products were available and the next day they were not. We have been using DSCR to refinance properties held by several well-seasoned LLCs, portfolio worth around $5M, and we still have to personally guarantee. Please post back if you find this elusive product.

 They are still available. I work with a lender that offers a 1 year prepayment penalty as well, if rates do drop.