I am a residential investment loan officer and would be more than happy to serve as a resource to provide insight into various lending programs and financing strategies as you progress.

I am a residential investment loan officer and would be more than happy to serve as a resource to help you navigate through and become better educated about various lending programs and financing strategies.

Thought I'd share what moved on my end this week and curious what everyone else is working on.This week's highlights:Cross-collateralized portfolio cash-out (75 LTV)4-property bulk cash-out refi (70 LTV)NJ SFR cash-out with limited tradeline borrower (75 LTV)$3MM Miami bank statement purchase @ 6.5%Brand new Miami condo rate/term refi underwriting to STR incomeElizabeth NJ STR cash-out (70 LTV)TN SFR cash-out on bank statement program (75 LTV)$4MM+ Malibu cash-out refi on bank statement (65 LTV)Portfolio plays, bank statement scenarios, high-balance deals, STR structures - good variety this week.Questions for the BP community:For investors: What did you close this week?

It was a tough road, as I found out that DSCR and conventional bank programs aren't interested in rural areas but that's where I live and there is a huge need for quality family housing.

The only difference is the additional paperwork and inspections that you'll need to complete with your local Housing Authority that manages the Section 8 program in the area. 

Most smaller agencies don’t understand the nuances that differentiate us, thus their output looks alike like a generic program with our company name plugged in.  

I am an Atlanta-based residential investment loan officer and would be more than happy to serve as a resource to provide insight into various lending programs and financing strategies as you progress.

For 1-4 units which is the DSCR STR loan program I was describing, the DSCR STR (shorter term rental) loan is structured the way I described.

There are programs and lenders out there who lend you the money for the home to do exactly this.  21stCASH is one. 

For that reason, financing is harder upfront but becomes easier after the property becomes stable.After you reach 200+ beds, you get into a range where institutional lenders, Housing and Urban Development programs, and other sources can be come available sources for financing.