Looking for Construction Lending for a 3 Unit STR

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Looking for Construction Lending for a 3 Unit STR

Stephen Shaw
Member since 2026 · 1 post · 1 vote

I'm building a new 3 unit STR in northern NH next to the White Mountain National Forest in Dalton, NH. All permitting and pricing is complete. Looking for 500k construction type loan to convert a DSCR after it's up and running. 6 acres of land which has been purchased. 3,700 sq feet for structures.

If this fits your target market, please reach out.

Stephen Shaw

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Corinna Negron
Member since 2026 · 129 posts · 21 votes
3mo

Stephen, the combination of owned land, completed permitting, and a clear bridge-to-DSCR exit strategy is typically a much stronger story than a ground-up project still in the entitlement phase.

For a construction lender, the key underwriting points will likely be:

  • Total project cost and borrower equity
  • Construction budget and timeline
  • Experience with STR operations
  • ARV support
  • Projected DSCR once stabilized

Northern New Hampshire and the White Mountains continue to attract year-round tourism, but lenders will still want to see that the projected STR income supports the refinance takeout.

I'd be interested in reviewing the project details. Feel free to send me a DM with the budget, plans, and projected operating numbers.

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  • Corinna Negron
    Member since 2026 · 129 posts · 21 votes
    3mo

    Stephen, the combination of owned land, completed permitting, and a clear bridge-to-DSCR exit strategy is typically a much stronger story than a ground-up project still in the entitlement phase.

    For a construction lender, the key underwriting points will likely be:

    • Total project cost and borrower equity
    • Construction budget and timeline
    • Experience with STR operations
    • ARV support
    • Projected DSCR once stabilized

    Northern New Hampshire and the White Mountains continue to attract year-round tourism, but lenders will still want to see that the projected STR income supports the refinance takeout.

    I'd be interested in reviewing the project details. Feel free to send me a DM with the budget, plans, and projected operating numbers.

    1Reply
  • Michael Clawson
    Member since 2026 · 2 posts · 1 vote
    3mo

    Hey Stephen!

    I can help with this. I'll send you a DM as well. 

    1Reply
  • Mayo Gilfurt
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 130 posts · 30 votes
    3mo
    Quote from @Stephen Shaw:

    I'm building a new 3 unit STR in northern NH next to the White Mountain National Forest in Dalton, NH. All permitting and pricing is complete. Looking for 500k construction type loan to convert a DSCR after it's up and running. 6 acres of land which has been purchased. 3,700 sq feet for structures.

    If this fits your target market, please reach out.

    Stephen Shaw


    1Reply
  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 123 votes
    3mo
    Quote from @Stephen Shaw:

    I'm building a new 3 unit STR in northern NH next to the White Mountain National Forest in Dalton, NH. All permitting and pricing is complete. Looking for 500k construction type loan to convert a DSCR after it's up and running. 6 acres of land which has been purchased. 3,700 sq feet for structures.

    If this fits your target market, please reach out.

    Stephen Shaw

    @Stephen Shaw
    Sounds like you've already done a lot of the heavy lifting with the land, permitting, and pricing. Curious whether you've finalized your projected STR revenue assumptions yet, since that will likely play a big role in the long-term DSCR exit strategy. Interesting project and location.

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    1Reply
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