Looking for creative financing advice for off market STR

[Lauren Stark]

Hello! I have an off-market opportunity and want to jump on it! It is an a-frame in WI I want to turn into an STR. I have $70K of my own money I can use as a down-payment, but am looking for someone to finance the rest ($280K) as I'm a real estate agent and am having difficulty securing a loan from a traditional bank in a timely matter. I'd like to purchase as soon as possible. Does anyone have advice on creative ways to secure financing in a short amount of time?

[Dustin Tucker]

Hello Lauren,

Is this going to be your primary residence? If not you can do a DSCR loan or a fix an flip loan, there aren't any income requirements for either of these loans, and with $70,000 of Cash, this should be easy to get financed. We are closing similar loans to this one in 2-3 weeks. Let me know if you would like me to get you a term sheet. Feel free to reach out with any questions. Thanks,