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All Forum Posts by: Daniel Christopher

Daniel Christopher has started 720 posts and replied 771 times.

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:
1. Actual or Projected STR Income (AirDNA/Rabbu)
2. Credit Score
3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: Catch 22 Situation -DSCR Valuations

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96
Quote from @Daniel Purcell:

Hello all,

I’m coming to write this to seek advice as to where to go from here. It’s a bit of a saga:

We bought a property in Sevierville, TN for roughly $500k through a construction loan. We put about $350k (100k in private money that needs to be paid back asap) into it. 2 different appraisals came back at 1.45 and 1.35 million. We gut renovated and put in high end finishes to make it a luxury STR (We are STR vets with a proven proof of concept). Three different DSCR programs said we could get 70-75% LTV. 680 credit score or higher. We've been 5 weeks at it now and one lender will do $825k at 12% and the others are pulling us around. We truly found a gem with 4 acres and a pond 10 minutes from the Parkway. Our real estate agent said we could get between $1.2-1.4 million.

We would prefer to keep the property and gross $12k-$15k/month and cash flow $2-$3k. Credit score has dipped to 680 from the 750 it was before this process. We’ve bought furnishings and some of the renovations on credit cards which have lowered the scores. These lenders seem to over promise and under deliver. They all can “get it done” but all of their underwriters want to give us nothing in terms of equity.

This is a special property and we can’t find a private investor to either give us a 30 year amortization with a balloon (2,5,10) at the appraised value or a private lender who can actually give us any equity without killing us on rate. The lender above was blue gate. The local TN ones want a 700 or above score. Obviously we’re going to pay the private $100k and cc debt off with the cash out refi while still having cash reserves. All the numbers work on our end.

Any advice/guidance would be much appreciated.

Thanks Everyone!


Those rates feel a bit high for this deal. We’ve been quoting in the 7%s and 8% range for cash out refis lately. 

Just shot you a request to connect. Let’s chat about this. Confident we can help. 

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:
1. Actual or Projected STR Income (AirDNA/Rabbu)
2. Credit Score
3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:
1. Actual or Projected STR Income (AirDNA/Rabbu)
2. Credit Score
3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: which are the best lenders for STR?

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96
Quote from @Carlos Pelegrina:

Does anybody have a good experience with short-term rental financing in rural areas?
Which are the best lending companies for Airbnb?


 We lend in 48 different states. Rural is no problem for us. Just sent you a request to connect on BP. Looking forward to chatting.

Post: Cash Out Refinance

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96
Quote from @Rogelio Andres Jimenez:

Hi Everyone! 

I hope you're all doing well. I have a question regarding cash-out refinance rates for rental properties in 2023. I recently invested in a new build at the end of last year, and the property is now 100% completed. Initially, my plan was to sell the property, but I'm now considering the possibility of keeping it and renting it out instead.

Before making a final decision, I'd like to gather some information on the current cash-out refinance rates that people are obtaining in 2023 for rental properties. If you have recently gone through a cash-out refinance process on a rental property, I'd greatly appreciate it if you could share your experience and the interest rate you were able to secure.

Additionally, any insights or tips related to cash-out refinancing for rental properties would be valuable.

Thank you in advance for your input and advice. I look forward to hearing from the community and learning about your experiences.

For reference: I can recuperate 100% of my cash invested with 75% of the property's value.  


We've been closing DSCR cash out refinances with our clients in the 7% range at 75% LTV. Just shot you a DM and request to connect to chat more.

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:

1. Actual or Projected STR Income (AirDNA/Rabbu)

2. Credit Score

3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:

1. Actual or Projected STR Income (AirDNA/Rabbu)

2. Credit Score

3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:
1. Actual or Projected STR Income (AirDNA/Rabbu)
2. Credit Score
3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information

Post: Best Loans Tailored For Short Term Rentals - Host Financial

Daniel Christopher
Posted
  • Lender
  • Miami, FL
  • Posts 785
  • Votes 96

✅ Fast & Easy Qualification

✅ Qualify With:
1. Actual or Projected STR Income (AirDNA/Rabbu)
2. Credit Score
3. Liquidity (When Needed)

🚫No W2's, Tax Returns, or personal Debt-to-Income Ratio required.

✅ Up 80% LTV on Purchase

✅Cash Out Refinance 70% of ARV (3-6 months) or 75% of ARV (6+ months)

✅Rate & Term Refinance 75% of ARV (3-6 months) or 80% of ARV (6+ months)

✅ Properties Up to 10 Acres

🚀Use the Actual or Projected STR Income (@airdna ) of the property to qualify.

- We can accept projections from our partners over at AirDNA via our Short Term Rental Revenue Calculator which pulls data directly from AirDNA's Real Time Data

Request a quote in as fast as 60 seconds: Short Term Rental Loan Quote

Or

Visit Our Website For More Information