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Updated over 2 years ago on . Most recent reply

Roderick Jordan's profile image
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Roderick Jordan
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Roderick Jordan's profile image
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Roderick Jordan
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Roderick Jordan
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Short-Term & Vacation Rental Discussions

How can I find financing to do a rehab for a STR?

Roderick Jordan
Posted

I have found a property that has a perfect location and I just need to do the rehab for this property that I am sure will be super lucrative but the location also makes it a prime if I just wanted to do a traditional rental. How can I secure financing?

Chicago, Illinois
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Jack Mawer's profile image
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Jack Mawer
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  • Member since Jun 22, 2022
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Jack Mawer's profile image
Jack Mawer's profile image
Jack Mawer
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Jack Mawer
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Jack Mawer
  • Lender
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You could do a hard money/bridge loan for the purchase and rehab of the property - then refinance it with a DSCR loan into fixed long-term debt as an STR

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