Salt Lake County Lender for multiple detached dwellings on 1 lot

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Salt Lake County Lender for multiple detached dwellings on 1 lot

Residential Real Estate Broker · San Mateo, CA · Member since 2013 · 585 posts · 264 votes

Hey BP! Looking for a lender that might be able to help me out with a unique situation. I am purchasing a property that has multiple detached dwellings on 1 parcel. There is a combination of stick-built and 2 manufactured homes on the lot. Pretty flexible on how to structure it, ideally looking for something more long term (i.e. not a bridge loan or fix and flip type of loan). Rental income at the property should be able to get the DSCR above 1.25+ at market rents. Feel free to pm me if you might be able to help/have an option for a loan on this property. I can provide credit/deal experience/etc.

Pretty cool property as a rental, but the multiple detached dwellings and the manufactured homes are making it not fit in the ordinary loan box.

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  • Lender · Member since 2019 · 77 posts · 9 votes
    7y

    Hi Ryan, do you mind messaging me? I need some more details on the specifics of the manufactured homes.

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