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Updated about 10 hours ago on . Most recent reply

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105
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Travis Andres
  • Investor
  • Los Angeles
47
Votes |
105
Posts

STR lender question

Travis Andres
  • Investor
  • Los Angeles
Posted

Hi, I'm under contract on a property in Joshua tree California that we are going to upgrade and list as a high-end STR.
the home is currently a mobile home, but we are going to do a 433a registration to have it recognized as a manufactured single-family home.

the lender we had lined up all of a sudden stopped offering DSCR loans on rural manufactured homes (they literally stopped offering it THIS week:(

The seller is willing to seller finance, but only for two years…does anyone have any suggestions on the best way to go about finding a lender for long-term fixed rate DSCR on a rural manufactured home. (it's going to cash flow like crazy, so hitting the debt service ratio won't be a problem )

Thanks

  • Travis Andres
  • Most Popular Reply

    User Stats

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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    15,751
    Votes |
    12,798
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    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    Replied

    A high end trailer? 

    Hmmmm

  • John Underwood
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