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12
Posts
3
Votes
Brent Brentham
  • Lender
  • Austin, TX
3
Votes |
12
Posts

Short Term Rental Financing

Brent Brentham
  • Lender
  • Austin, TX
Posted

VRBO, Home Away, Air BnB, etc... Purchase or Cash out  refinance using the gross rents from the unit.

SFR, 1-4 units and condo’s unwarrantable and warrantable

30 year fixed products,7/1 & 5/1 ARM, portfolio loans to 7 properties per loan, Custom loans with Negative Cash flows available, all with 30 yr. amortizations.

Up to 75% LTV on Purchases and 70% on Cash-Out Refi’s.

30 Day seasoning on Cash Out Refi’s using new APPRAISED VALUE if recently refurbished

Low Doc loan- No Income Qualifying

No ORIGINATION FEE option for loans over 150K

NO Income Verification and no DTI

No TAX RETURNS or 4506

NO SOURCE OR SEASONING of Funds

Offering