EP 33 - Everything Co-Living Investors Need to Know About Financing | Jeffrey Weller

Financing a co-living property can get complicated fast—especially when traditional lenders, underwriters, and appraisers don’t fully understand the model. In this episode of The Co-Living Show, Miller McSwain and Craig Curelop sit down with Jeffrey Weller, CEO of Coast 2 Coast Mortgage, to break down what co-living investors need to know about financing their properties. Jeff shares how his own experience buying and converting a PadSplit led him to recognize the challenges investors face when trying to finance room-rental properties. That experience eventually pushed him deeper into developing lending solutions specifically for co-living and PadSplit investors. The conversation covers everything from acquisitions and renovations to appraisals, DSCR loans, refinancing, master leases, individual room leases, BRRRR strategies, and what investors should look for when choosing a lender. They also discuss: How Jeff went from electrical engineering to mortgage lending and real estate investing What happened when Jeff converted his first property into an eight-bedroom PadSplit Why appraisals can become one of the biggest obstacles in co-living financing How experienced co-living lenders approach appraiser panels Why some traditional lenders reject co-living and room-rental properties PadSplit-specific loans versus other co-living financing structures Master leases versus individual room leases How investors can prepare for underwriting and appraisal Financing large bedroom-count properties Using the BRRRR strategy with co-living conversions How bedroom counts, closets, basements, kitchens, and flex spaces can affect an appraisal Questions investors should ask before choosing a lender Where Jeff believes co-living lending is headed as the model becomes more mainstream Why building a team of professionals who actually understand co-living can save investors significant time and frustration Whether you're buying your first rent-by-the-room property or already operating a larger co-living portfolio, this episode provides a detailed look at how the financing side of the business actually works. Connect with Jeffrey Weller Jeffrey Weller CEO, Coast to Coast Mortgage Website: https://investorxperts.com Office: 904-500-LOAN Phone: 904-500-5626 Email: [email protected] Calendly: https://calendly.com/coast2coastmortgage Connect with the Hosts Miller McSwain Instagram: https://www.instagram.com/millermcswain/ Craig Curelop Instagram: https://www.instagram.com/craigcurelop/ Follow The Co-Living Show for more conversations about co-living investing, acquisitions, operations, property management, financing, and building profitable shared-housing portfolios.