All Forum Posts by: Deborah Wodell

Hey! Lots of option out there. 

A lot of investors are using DSCR loans for 30-year terms under their LLCs. I work with lenders who can structure that without needing to refi in your personal name.

Also, depending on your goals, you can refi personally and move title back into the LLC later (with the right precautions), though it's not always ideal.

Would love to help you on this. 

Ugh, that sounds exhausting. Honestly, I don’t think most people realize how big of a deal loan servicing can be until they’ve gone through something like this. It’s not just about getting the best rate — the hassle of dealing with unresponsive servicers, clunky websites, and constant changes can really wear you down.

It’s wild that you’ve had to file CFPB complaints just to avoid getting charged unfair fees. That’s not how lending should work.

Sounds like your local bank might’ve been the better long-term play, even with the slightly higher rate — sometimes peace of mind and good service are worth paying for.

Curious though…
– Did the lender or broker mention that your loan might be sold off like that?
– Would you ever go back to using them again, or has this totally changed how you choose lenders?

Appreciate you sharing this — real talk like this helps others make smarter choices.

Man, I feel this hard. The “only deal with people we know” line gets tossed around way too much  even when the deal is solid like yours. It’s frustrating when capital partners preach about great returns but freeze at the moment of risk, especially with a non-recourse setup and strong upside like you described.

Couple thoughts:

Have you tried tapping into family offices or boutique funds that specialize in high-upside, short-term plays?

What kind of responses are you getting when you present the stabilized appraisal and capex plan? Is it the timeline, asset class, or just trust?

Also curious ,are you finding more traction from debt or JV sides? Or are both equally hesitant?

Sometimes I’ve seen success when the focus is more on sharing the upside with skin in the game vs. just presenting it as a debt opportunity especially if they want to “feel involved.”

awesome discussion

Great questions, Tolise!

For me, a big part of choosing lenders comes down to flexibility and transparency. I work as a broker and investor, so I’ve seen how important it is to have options depending on the deal. Some of my clients prioritize speed, others want the lowest rates, and sometimes it's just about finding someone who actually understands the project.

I work with a solid group of lenders across the country, and I’ve found that the best relationships are the ones where communication is fast and the terms are clearly laid out—no surprises at closing.

As for fees vs service? Service wins every time. A slightly higher fee is worth it if the lender can actually get the deal done smoothly.

Wow, Jason — that's incredibly frustrating. Thanks for sharing this, it's a good heads-up for others doing STR/MTR DSCR loans. I've run into similar issues where lenders baked in terms that conflicted with the actual use case, then claimed it was "just boilerplate." You're absolutely right to avoid signing something that could limit your flexibility down the road.

Curious — did they disclose that lease term clause upfront at all? Or was it something that only popped up at closing?

Totally valid concern, Nicholas — good on you for being cautious. One way to vet someone is to ask for references from past clients or closings they’ve funded. You can also check if the company is registered with the state or if they’re listed with any lending or broker associations.

If you're still unsure, it never hurts to get a second quote from another lender or broker just to compare terms and make sure everything checks out.