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Lending for UNIQUE Property with NO COMPS
Hey guys I'm an STR Realtor under contract on a unique $1.1 million short term rental near the Grand Canyon in Arizona. My lenders are all falling out because they don't think it'll appraise because there is nothing like it for over 20 miles. Does anyone have any recommendations? This is both commercial and residential. We'd love a commercial appraisal based on its financial performance. Must be NO DOC or Asset loan because high net worth investor is retired and cant show income on tax returns. I'd appreciate any advice or good lender referrals!
0 likes β€’ Jan '25
Mike what's up brother - did you try Blueprint lending? They seem to be pretty helpful. But more than likely you'll just need more cash down.
1-1 of 1
Matthew McCall-Stillman
1
5points to level up
@matthew-mccall-stillman-3205
⚑️ Airbnb Coach | Broker | Proud Michigan Dad πŸ”₯Scale in Real Estate with Flips, BRRRRs, Airbnbs a& Hotels

Active 22h ago
Joined Jan 31, 2025
ENTJ