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Andrea Harper
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DSCR, Rural, STR, Log Cabin

Andrea Harper
Posted

I work for a wholesale broker and have a client that is looking to purchase a short term rental in NC on approx 1 acre. The problem I keep running into is finding a lender who will allow a rural STR. We also need to confirm the build style but appears to be a log cabin. Borrower is very experienced with over 800+ credit score. Any suggestions?

DSCR 1.20

Rural on one acre

STR

Log Cabin

No state license req

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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

Yea this one is tough, but I may have a lender that can help with rural properties. We would just need to confirm her experience as an STR investor.

Rate will not be pretty... 

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LuxePrivate Investments LLC
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