Portfolio lender for $5M in assets
Hi, I own 18 vacation rentals across 4 cities and am looking for a creative portfolio lender. Any referrals or ideas on where to find them?
The few that I have spoken with all want the homes to have long-term rental leases in place even though our EBITDA is covering interest between 4-8x. I'm surprised lenders are jumping on this as I think it's a potentially highly lucrative opportunity for them as the properties are extremely credit worthy and can be cross collateralized - that being said, I understand this is new territory and therefore there isn't a framework for it yet (again, opportunity!).