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Updated 2 months ago,
Looking for DSCR loan for property in TX with 2 active STRs.
Looking for a loan program for an 8 acre property in Dripping Springs, TX that is owned outright with two active STRs. Total income for the two units in 2024 will be right at 100k.
Credit score is 719 (business partners is over 800), but we will not qualify for traditional financing due to lack of W2 income. Looking to go more the DSCR route. Both units are stand alone structures but are small (400sqft + large patios).