Local Lenders for STR

[Robin Panzera]

Hi all. I'm an active investor and Realtor in the Columbus market. But I'm looking to possibly get into a STR property but am having a tough time finding lenders willing to fund. Anyone have any recommendations? TIA!

[Daniel Christopher]

@Robin Panzera feel free to reach out. My company Host Financial started in 2018 as the first lender to focus soley on STR investors.

What makes Us Unique:

• Host Financial Gets STRs: We can qualify loans using STR income projections from AirDNA and Rabbu or use existing STR income history, not just market rents like most DSCR lenders that claim they can do STRs.
• One Stop Shop For STR DSCR Financing: In our current dynamic market environment, rates and even qualification guidelines changes daily. With access to multiple capital partners we will price the entire market ensuring you get the best rates and terms available.
  • - Should rates changes mid process we can quickly switch capital partners to get a lower rate
  • - Should guidelines change mid process you won’t be stuck with a lender that has one set of guidelines which could kill your deal and put you back to shopping the market. This ensures we have the highest chance of closing on deal where others can’t.
• We are the experts in STR financing: 95% of our deals are for Short Term Rental Investment Properties. Working with us insures you know you’re working with a lender that gets it and can get the deal done. We’ve seen and done it all.
• Comprehensive Income Assessment: We prioritize finding the most advantageous financing options for your investment, which for DSCR Loans means looking at all potential property income numbers: Market Rents, STR Income History, or STR Income projections to see what qualifies you for the best rates and terms.
• Most coverage: We lend in 48 states nationwide - (Ohio included)