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Updated over 3 years ago,

User Stats

10
Posts
1
Votes
Nathan Cornett
1
Votes |
10
Posts

Commercial Loan Question

Nathan Cornett
Posted

Good morning wherever you are!! 

When using a commercial loan for a short term rental, how is the loan determined? I have 8 long term rental properties and 1 short term rental in Florida. I have used traditional Freddy/Fanny as well as commercial Loans for all of them. 

My one short term rental was purchased in my name using a traditional loan. 

I'm looking to buy another STR in FL, but I believe I have reached my DTI limit and I'm considering a commercial loan (also purchasing in our LLC), but will a commercial Lender consider short term rental income?

Thanks! 

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