Commercial Lending for Short Term Rentals

[Jesse Imes]

Hi!

Currently looking for a lender that will do a portfolio commercial refinance on a group of STRs. They are all 2 units or single family homes. Income is amazing. Looking for income based approach to get the best value.

Let me know!

Thanks!

Jesse

[Robin Simon]

Quote from @Jesse Imes:

Hi!

Currently looking for a lender that will do a portfolio commercial refinance on a group of STRs. They are all 2 units or single family homes. Income is amazing. Looking for income based approach to get the best value.

Let me know!

Thanks!

Jesse

This is going to be extremely if not impossible to find - outside of generally Bank business loans or other SBA type financing, all STR real estate loans for 1-2 unit properties are going to be based on resi comps for value not the income approach. You still should be able to get 75% or 80% (if no cashout) on the LTVs with normal DSCR loans - but I wouldn't count on an income approach valuation anywhere