which are the best lenders for STR?

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Daniel ChristopherBusiness Member
Lender · Miami, FL · Member since 2020 · 796 posts · 96 votes
3y
Quote from @Carlos Pelegrina:

Does anybody have a good experience with short-term rental financing in rural areas?
Which are the best lending companies for Airbnb?


 We lend in 48 different states. Rural is no problem for us. Just sent you a request to connect on BP. Looking forward to chatting.

619-815-8867
Host Financial51 Review
WebsiteView Page
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  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    3y

    Hey @Carlos Pelegrina, what do you mean by rural? Like off grid rural or small town America?

    You are borrowing for a short term rental, not an AirBNB.

    Our lake house is pretty rural and we used a local credit union as the lender.

    0Reply
  • Carlos Pelegrina
    OP
    Investor · New York City, NY · Member since 2017 · 117 posts · 30 votes
    3y
    Quote from @Michael Baum:

    Hey @Carlos Pelegrina, what do you mean by rural? Like off grid rural or small town America?

    You are borrowing for a short term rental, not an AirBNB.

    Our lake house is pretty rural and we used a local credit union as the lender.


     it has electicity, is close to a town but its in 5 acres.. what makes homes far from ech other.  I am borroing for short term rentals (aribnb, booking, VRBO etc) 

    0Reply
  • Sarah KensingerPro Member
    Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
    3y

    Check out Host Financial and The Lender.

    [email protected]330-557-3021
    1Reply
  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    3y

    Ok, so it is close to town but on a large lot.

    There are some areas in the country where suburban vs rural does make a difference in lending. Like Broken Bow, OK.

    I would still investigate the local credit unions and banks in the area. They will know the area and if there is any issues with platting or zoning.

    Is that 5 acres zoned for multi?

    1Reply
  • Daniel ChristopherBusiness Member
    Lender · Miami, FL · Member since 2020 · 796 posts · 96 votes
    3y
    Quote from @Carlos Pelegrina:

    Does anybody have a good experience with short-term rental financing in rural areas?
    Which are the best lending companies for Airbnb?


     We lend in 48 different states. Rural is no problem for us. Just sent you a request to connect on BP. Looking forward to chatting.

    619-815-8867
    Host Financial51 Review
    WebsiteView Page
    4Reply
  • Carlos Pelegrina
    OP
    Investor · New York City, NY · Member since 2017 · 117 posts · 30 votes
    3y
    Quote from @Daniel Christopher:
    Quote from @Carlos Pelegrina:

    Does anybody have a good experience with short-term rental financing in rural areas?
    Which are the best lending companies for Airbnb


     We lend in 48 different states. Rural is no problem for us. Just sent you a request to connect on BP. Looking forward to chatting.

    Hi Daniel
    I just did
    1Reply
  • Glenna Wood
    So MD · Member since 2019 · 294 posts · 191 votes
    3y

    If you are in an agricultural area, check out the local Farm Credit Bureau. They do residential and business oriented loans in rural areas.

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    3y

    There is a list of recommended short-term rental lenders on the BP "Vendors & Partners" page. I'd start there. 

    0Reply
  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    3y

    I'd ask for seller financing first, and then go look for lenders.  I pay 6% interest only for a 5 year term.  

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    12h

    Hey Carlos,

    There are many lenders on here that can lend to STRs in Rural areas. Does the property have actual rental income collected or do you need the AirDNA to support the rental income? Either way there are options without any lookback period if you do not have any STR history.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
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