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. |
|---|---|
LOAN TERM | 30yr/40yr fixed rates: 5/1 + 7/1 + 10/1 ARM's |
LOAN TO VALUE | Up to 80% Loan to Value; Cash-out up to 75% LTV |
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 other Private Lenders. 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 lenders. All data and information in this "as is" for information 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 will be provided by specific lenders.
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4480H S. Cobb Dr. STE475, Smyrna, GA 30080