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Updated 5 days ago on . Most recent reply

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4
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Leon Daquin
2
Votes |
4
Posts

Looking for a cash STR DSCR loan to replace my renovation loan

Leon Daquin
Posted

I am in dire search for a nicer - termed loan to replace my current Renovation loan. The property is finished and making a lot of money through the Six short-term rental units that I have created. It’s been up and running since January making approximately $20,000 per month. This is a single-family home yet. I have a. Where it operates at six individual units with six entrances, sort of like a mini resort, and it is in the heart of a very popular vacation rental area of Fort Lauderdale. I’m at the end of my Cash and I’m needing something quick. If anyone has any suggestions, I would greatly appreciate the advice. Thanks.!

  • Leon Daquin
  • Most Popular Reply

    User Stats

    533
    Posts
    401
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    Mike Grudzien
    • Lender
    • Eugene, OR
    401
    Votes |
    533
    Posts
    Mike Grudzien
    • Lender
    • Eugene, OR
    Replied

    What are the numbers?
    Present your business case.
    "making approximately $20,000 per month", and your costs?  current loan?  current ask? end goal?

  • Mike Grudzien
  • Loading replies...