All Forum Posts by: Nicholas Ruscio

Denis, 

Like others have mentioned a standard DSCR loan for a short term rental property would be your best bet. Seasoning would be typically 6 to 12 months before a refinance but no seasoning would stop you from taking a second loan on another vacation property. Would you be planning on making any improvements to the property?

You should expect rates as low as 8% and a 20% down payment on the purchase. With more information about the property I could provide more specific numbers. 

Feel free to reach out! 
Thanks, 

Hey Dwayne, 

I personally just moved down to the Wilmington area. We specialize in funding commercial and rental property investments. There are many DSCR loan programs that may suite you. Please do not hesitate to reach out with any questions.

Thanks, 

Hey Charles, 

Like others have mentioned a DSCR refi would allow you to free up cash within the other properties. What would be the purpose of this new property?

Im here anytime you would like to discuss further. 

Hi Alex, 

Would this property be used as your primary residence? I may be able to help further with more information. I just sent you a DM.