Refinancing Medium-Term Rentals

[Mikhael Brown]

Has anyone successfully refinanced MTR property after 6 months - 1 year after placing it on the market? 

[Alex Bekeza]

@Mikhael Brown If the long term market rates would have you debt covering on paper then you can actually cash out a MTR as early as 90 days of title seasoning (yes, using the new appraised value as opposed to purchase cost). Most DSCR lenders consider any lease greater than 30 days to be long term.