I just received this email from our Multi Unit Lenders.
Special Loans for Short Term Vacation Rentals.
Read More Below
We recently launched a 30-YR Fixed Loan program for 1-4 Unit properties which only utilizes the Short Term Rental Income generated through Airbnb/VRBO/HomeAway/Etc.
Underwriting it just like an apartment or commercial property.
– NO Tax Return requirement or Personal Debt-To-Income consideration
– Up to 80% LTV on Purchase or 75% LTV on REFI
– NO Limit on Cash-Out
– Rates start at 6%
– 5/1 and 7/1 ARM options available
With rates on the rise and property values at all-time highs, now is the time to act and unlock equity and expand you or your client’s rental business.
Want to schedule a call to learn more about this program or others we have to see if how we can help you either in your personal or client’s real estate endeavors? We fund deals types and loan amounts across all types of real estate. If any of your clients, you or anyone you know has a need for funds, please reach out.