Will I qualify for a DSCR Loan as a newly formed LLC?

[Anna Nevarez]

Hi guys!

I currently own two rental properties in Tampa, both are held in my LLC. They were both originally STRs, but this year I converted one of them to MTR. I would now like to take out a DSCR Loan on my MTR property, but I would like to create a new LLC for that. Going forward, I want to keep my STR properties in a separate LLC from my MTR/LTRs. So the question I have, if I form a new LLC, will I qualify for a DSCR Loan, or do I need to be "in business" for a while before I can do that? (I can prove positive cashflow for the past 9 months, plus leases in place thru end of March 2024)