Some deals just do not fit the typical lending box. This was one of them.
Kristen Johnson recently worked with a first time investor looking to break into the short term rental space in Crested Butte. The property checked a lot of boxes from an investment standpoint, but from a lending perspective, it was tough. A condotel under 500 square feet is usually where most lenders stop.Instead of shutting it down, Kristen took a different approach.The deal was structured as a DSCR loan, leaning on the property’s rental potential rather than the borrower’s traditional income. But what really made this one stand out was everything that happened outside of the loan itself.
There were real conversations around projected income, cash flow, and whether the deal actually made sense long term.That is especially important for a first time investor.The goal was not just to get to the closing table, but to make sure the client felt confident about what they were stepping into.It also came together through a strong partnership with Ashley Treasure-Duncan, which helped keep things moving smoothly from start to finish.At the end of the day, this is a deal that easily could have fallen apart early on. Instead, it turned into a starting point for someone entering a competitive short term rental market.
That is where the real value is. Not just getting a loan done, but helping a deal come together when it is not obvious at first.
Loan Program: DSCR Loan
