Updated about 6 years ago on . Most recent reply
Salt Lake County Lender for multiple detached dwellings on 1 lot
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.