Has anyone used MBANC to finance an STR?

[Oscar Coreas]

If so, how was your experience?

[Nick Belsky]

@Oscar Coreas

If the lender doesn't specialize in STR, don't use them. Many claim to be "able" to do them, but they don't really know how to do them well, or at all in many cases. Work with a mortgage broker who has these resources. There are several STR lenders that use AirDNA to determine rental income and base their DSCR numbers from. This means better terms and costs for you. Don't waste time with lenders who don't really know this space.

Cheers!