We own a 7 unit apartment building at the beach and would like to replace our present bank loan with private funding of some type.  The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money.  The property is presently cash flowing at about 5%, but could do much better with better financing.  Valuation of the property is estimated at $1M and we need about $400k financed.

Presently, one unit is occupied by the on-site manager, two units are leased as long-term, and the other four are STR. We are fully booked for high season (Dec-March) through 2026.

I know this is not the typical investment, so totally appreciate any advice anyone may offer.