Conventional re-fi available for 3-unit Airbnb/STR prop in WA?

[Brandon Vukelich]

Purchased our first STR property in Feb 2020 using Athas Capital, 6.875% over 30 years. Price (appraised value) was $1.1mil, loan is $815k with a $40k prepayment for 2 years. We selected Athas due to our "traditional" residential lenders said it would be challenging to obtain conventional financing due to lack of 12-month leases in place and the property operates as a STR "business." Based on the situation at the time, quick closing was critical and didn't allow for much opportunity to shop our deal around. Wondering if there are any lenders that could pull together better financing, soon or in a year or so. The property is a stacked duplex in front with a detached studio (DADU) in the rear. There are four entities (owners) of the holding LLC. All have very good credit. Appreciate any insights into alternative financing or input if what we have in place is "ok" for this type of property.