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Updated 11 months ago on . Most recent reply

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3
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0
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David Pearl
0
Votes |
3
Posts

Cash out refi for Airbnb farmhouse retreat

David Pearl
Posted

I own an Airbnb in a desirable vacation rental market. The area is more rural, however it's a desirable vacation destination and we offer a high end farmhouse retreat experience. I know rural properties can be a little tricky to navigate, but curious what max leverage would look like on a DSCR Cash out refi on a deal like this. Ideally using STR AirDnA projections as well. I own other STR's. Thanks!

Most Popular Reply

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77
Posts
18
Votes
Austin Clarence
  • Lender
  • Phoenix, AZ
18
Votes |
77
Posts
Austin Clarence
  • Lender
  • Phoenix, AZ
Replied

What is the acreage? Are there any comps? I would say 75% would be fair but maybe even 80% depending on the answers above

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Austin Clarence with NEXA Mortgage
5.0 stars
18 Reviews

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