Updated over 4 years ago on . Most recent reply
Commercial Loan Question
Good morning wherever you are!!
When using a commercial loan for a short term rental, how is the loan determined? I have 8 long term rental properties and 1 short term rental in Florida. I have used traditional Freddy/Fanny as well as commercial Loans for all of them.
My one short term rental was purchased in my name using a traditional loan.
I'm looking to buy another STR in FL, but I believe I have reached my DTI limit and I'm considering a commercial loan (also purchasing in our LLC), but will a commercial Lender consider short term rental income?
Thanks!