Short Term Rental Loans

Our Debt Service Coverage Ratio (DSCR) program focuses on the property cashflow, so no other income
documents are required. Our DSCR loans offer fast closings with minimal conditions, so the process is
relatively hassle-free.

Residential Max LTV: 80% purchase, 80% rate & term refinance; 75% cash-out refinance (short and long term rentals)
Residential Min property value: $125k (may consider as low as $100k with a pre-review of the application)
Hybrid Residential LTV: (70% purchase, 70% rate & term refinance; 70% cash-out refinance (short and long term rentals)
Hybrid Residential Min property value: $360K (minimum loan balance $250k)
Leased or Unleased on Purchases and Refi's
Rate structure: 5/1 ARM, 7/1ARM and 30Y Fix
Min DSCR 1.2 (situations as low as 1.0 DSCR)
Long Term Rentals and Short-term Vacation Rentals
Minimum qualifying Credit Score of 680
Residential Loans only (Single Family thru Fourplexes)
Hybrid Residential Loans only (5 thru 8 units) -$250k Minimum Loan
Small Balance Commercial ($300k minimum loan to $3MM max loan)
Projection-based short-term income okay for purchases

We have many options. Contact Beau if you have any specific loan scenario questions. Set up a call here.

Short Term Rental Loan

Thank you for your interest in a Short Term Rental loan. Please fill out the information below. We will get back to you as soon as possible.

STR Lending

Subject

Name *

First

Last *

Last

Phone *

Email *

Subject Property Address *

Subject Property Address

City

State/Province

Zip/Postal

Is this a purchase or a refinance?

Purchase

Refinance

When did you originally purchase the property? *

How much did you pay? *

How much rehab did you put in? *

What is it worth now? *

How much do you owe?

Desired loan amount?

What is your projected annual gross income?

What was gross income over the last 12 months?

How much are taxes annually? *

How much is insurance annually? *

Is there an HOA? *

Yes

What is the monthly HOA fee?

What is the annual gross revenue or projected gross revenue?

If this was a long term rental, what would be the annual revenue?

How many rentals do you own? *

What is your credit score? *

Tell us anything else you feel is important about the property

Attach Purchase Contract & Preliminary Title Report

Maximum file size: 134.22MB

Entity Documents (LLC or Corporation) Articles, Operating Agreement, EIN printout, Letter of Good Standing

Maximum file size: 134.22MB

Driver's License

Maximum file size: 134.22MB

12 months of AirBnB or VRBO Printouts showing income

Maximum file size: 134.22MB

Two Months Most Recent Bank Statements

Maximum file size: 134.22MB

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