Bank to Refinance

[RJ Bates III]

I am looking for a solid bank to refinance a property we have taken out a hard money loan on. We are wanting to keep the property as a AirBnB property at this point and are looking for terms somewhere around 80% LTV with a reasonable interest rate. Any and all recommendations are appreciated!

[Jerry Padilla]

@RJ Bates III

For conventional financing a 75% LTV is required. There is no seasoning for a rate and term refinance. Can you support the mortgage with your current income? AirBnB doesn't count as stable rental income and there are no lease agreements so you would need a 2 year history for rental income.