indoor pool 10 bed 2 bath refi

[Zachary Rosa]

Hi,

2 years ago I bought a very unique property in NH. It has 10 bedrooms and an indoor pool. This property is zoned residential. The property has brought in over $220k each of the past 2 years and on track for more this year. I bought the house for $700k and believe it is work much more and want to do a cash out refinance. I know commercial properties are valued based on the income. Is there anyone who will lend on an STR/residential property based on the income? Again my goal is to do a cash out refi. My current rate is 5.9. I may not exacute on this just yet but I believe rates will be close to this by the end of 2024. Let me know what you think!