Looking to refinance two STR's on the same property
Hello!
I am looking to refinance two of my STR's in Asheville, NC.
Background: I had 2 couples cabins (not actual cabins) built, finished in December, on several acres of land in Asheville, NC. I financed the deal by a 50/50 mix of construction loan and private loans. I am looking to refinance both loan types bc they are interest only. I have 3 months of performance (so DSCR isn't an option.... unless there are DSCR options with only 3 months of performance) and the cabins are doing really well (top 1% for one and top 10% for the other) - even with the huge downswing in the market. I have a couple of interested lenders but nothing in writing yet. Before I go further with discussions I wanted to see if anybody had any suggested loan types/lenders. Also, the cabins are 450 sq ft and I had an appraisal done for the construction loan within the last 12 months and if I can get 75% of LTV of that appraisal - that would be enough to pay off my lenders. Thanks!