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Updated 10 months ago,
Short Term Rental Refi
Hi!
I am currently looking for the best STR refi lender for 6 STR homes. The homes are singles and doubles. Market value for each home after reno is 175-200k. All homes will cash flow at least 40k-60k per year in popular Airbnb location. Looking for the following:
- At least 80% LTV
- Quick closing
- Appraisal mix of income/residential approach
- Take historical income from existing portfolio for newly finished homes
Thank you for any recommendations!
Jesse