Short-Term Rental
A solution for investors who need permanent financing for their rentals listed on Airbnb and VRBO. This product allows DSCR to be calculated by using 12 months of operating history or AirDNA rents as market rent.
Lending Criteria
LOAN AMOUNT | $75,000 to $1.5 million. Loan amounts outside of this range considered. |
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LOAN TERM | 30-year fixed rates; 5/1 + 7/1 ARM’s fully amortized |
LOAN TO VALUE | Up to 80% Loan to value: up to 80% loan to value cash-out options |
DEBT COVERAGE | Minimum 1.00 DSCR |
PREPAYMENT PENALTY | Multiple PPP options available, including No PPP (depending on the state) |
CLOSING TIMELINE | 2-3 weeks |
Mortgages are offered in Partnership with Deal Funding 360. This is not a commitment to extend mortgage credit. Mortgage products, programs , eligibility criteria, pricing, and terms are subject to change without notice and at the sole discretion of the lender. All data and information provided in this “as is” for informational purposes only, and may not be accurate and may be subject to change with or without notice. Unless otherwise communicated in writing, all data and information Lender provides is “as is” without warranty whatsoever. Additional disclosures and information, including state licensing of Lender is available at www.dealfunding360.com
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Opportunity Enterprises: Guiding Your Real Estate Deals to a Seamless Closing.
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4480H S. Cobb Dr. STE475, Smyrna, GA 30080