STR - Loan Options

[Alex Todd]

Hey BP! Were in the home stretch of executing a 1031x and securing a loan for our replacement property, an existing STR with a pretty existing DSCR (+1.2) that we have under contract.

We were just planning on doing a conventional 30yr fixed rate (looking like ~7%) through our existing broker and contacting a local (local to the STR) credit union to see what they can offer. My question is : should we be looking at alternative options? 20yr / 15yr term? DSCR loan? any other ideas?

Thanks in advance!