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Updated 2 months ago on . Most recent reply

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Leon Daquin
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Looking for a cash STR DSCR loan to replace my renovation loan

Leon Daquin
Posted

I am in dire search for a nicer - termed loan to replace my current Renovation loan. The property is finished and making a lot of money through the Six short-term rental units that I have created. It’s been up and running since January making approximately $20,000 per month. This is a single-family home yet. I have a. Where it operates at six individual units with six entrances, sort of like a mini resort, and it is in the heart of a very popular vacation rental area of Fort Lauderdale. I’m at the end of my Cash and I’m needing something quick. If anyone has any suggestions, I would greatly appreciate the advice. Thanks.!

  • Leon Daquin
  • Most Popular Reply

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    859
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    Mike Grudzien
    #2 Creative Real Estate Financing Contributor
    • Lender
    • Eugene, OR
    612
    Votes |
    859
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    Mike Grudzien
    #2 Creative Real Estate Financing Contributor
    • Lender
    • Eugene, OR
    Replied

    What are the numbers?
    Present your business case.
    "making approximately $20,000 per month", and your costs?  current loan?  current ask? end goal?

  • Mike Grudzien
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