Updated about 2 months ago on . Most recent reply

STR lender question
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
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