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short term vacation rental financing

Our newest product offering is specifically geared toward the professional investor that is ramping up his/her inventory in Short Term Vacation Rental Property. With traditional bank financing still trying to figure out how to model cash flow, we have taken the lead in this space with our innovative 5 - 7- 30 year fixed products that works using up to 65% of the value of the VBRO rental unit.

Common since underwriting for the AirBNB property mortgage will be used:

Up to 65% of as-is value based upon a fair market appraisal from one of our approved AMC (Appraisal Management Companies). Most areas of the USA will be considered. Rural properties are tough.

The Short Term Rental Property can be vacant without a long term lease that would historically be required to support traditional 1.2x DSCR (Debt-Service-Cost-Ratio) or 85-90% property based DTI (Debt-to-Income) requirements. We do not ask for tax returns or W-2's.

Pricing variables are based on Zip code, LTV, Credit Score(s), Loan Size, Number of Units, Rate & Term & Purchase, Term Refinance or Cash out.

Rate range are 6.75 and up.

SHORT TERM VACATION RENTAL PROPERTY LOAN

  • 3/1 ARM – NO Balloon Payments EVER
  • 5/1 ARM – NO Balloon Payments EVER
  • 30 year fixed - Fully amortizing
  • NO Limits on number in your portfolio

30 Year Amortization - Full Term Interest Only Available

  • PPP -Declining 3% - 2% - 1% of outstanding loan balance
  • Upfront fee - Appraisal only - (Paid to vendor directly)
  • Ability to use your own title company - (National Underwriter is required)
  • Rapid Closing times (~3 weeks)
  • Title held into an LLC or personal name
  • Lender fees are 2.0 - 3.0% of loan amount (paid at closing)
  • 3 - 6 months PITI cash reserves are required

Less Paperwork - No Income Verification Requirements

  • No W2's Required
  • No tax returns Necessary
  • No 4506s Ever
  • 640 credit minimum
  • Past bankruptcy OK – Greater than 2 years
  • Low Seasoning for today's value
  • LTVs up to 65% of the value today
  • No current home ownership is required

Loan Purposes

Short Term Vacation Rental Financing can be used for:

  • Vacation rentals
  • Single family properties (1-4 unit)
  • New acquisitions
  • Cash out refinances
  • Non Owner Occupied properties
  • High End Luxury Housing
CALL TODAY: 1-888-375-7977