Updated almost 10 years ago on . Most recent reply
Expansion and Financing Options (Portfolio Lenders)?
Do any of you know of any loan products or portfolio lenders that cater to the vacation rental market (long term refinance)? I'm aware of FirstKey, B2R Finance/Dwell Finance, and Lima One. However, they specific exclude vacation rentals and short term leasing.
I currently own 2 properties in the Chicago land area I gross $50k/each property yearly. My long term goal is to own 25, with an aggressive goal of 10 (8 more) by the end of 2016.
I'd like to hear some success stories on how you expanded, acquired more properties, and financed them. Any assistance would be greatly appreciated.