Updated about 5 years ago on . Most recent reply
Lending on Airbnb properties
Does anyone know of any lenders willing to refinance a BRRR Airbnb? I used hard money to buy a house. The loan covers the rehab but I will be keeping the house as an Airbnb. From what I've read, most banks still don't consider the income from an Airbnb the same as a long-term rental. What are people doing to refinance in this situation? My hard money lender is willing to refinance at 4.25%, which isn't horrible and definitely an option, but I would like to shop around.
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That 4.25% is excellent considering its a STR