DSCR Loan Help

[Kelly Stanton]

We purchased a property that we rehabbed in the last 3 months and are looking to refinance to get out of our 10.5% hard money loan. The property was purchased through a LLC so a conventional loan isn't an option for us. We have landed on DSCR as our best refi option but are finding that the majority of DSCR lenders require 12 months of rental history which we don't have. For context, we have been running a successful airbnb for 6+ months cash flowing close to $750/month. Does anyone know of a lender in TX that has more loose rental terms?

[Devin Peterson]

Do you have 12 months of mortgage history overall? (e.g., have you owned a primary residence for at least 12 months?) There are plenty of other options out there without 12-month seasoning requirements.