Short term rental refinancing

[Alexei Semenov]

Hi !

I have a question…

Can you refinance Short Term property and get the Cash out?

Bought it as a long term rental then converted to STR….

My lender said it’s impossible and I’m stuck for a long game….

Thank you all!🙏

[Robin Simon]

Quote from @Alexei Semenov:

Hi !

I have a question…

Can you refinance Short Term property and get the Cash out?

Bought it as a long term rental then converted to STR….

My lender said it’s impossible and I’m stuck for a long game….

Thank you all!🙏

Not at all - a lot of DSCR lenders will do this refinance no problem, even as a short term rental. How long have you been operating the property as a short term rental?