Stabilized Bridge Loan is the Best-Kept Secret in Short-term Rental Financing

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2 years ago
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Stabilized Bridge Loan is the Best-Kept Secret in Short-term Rental Financing

About 10 months ago I bought a fixer upper and renovated the property using a private money loan. The property is operating as an STR (short-term rental) and doing very well. My loan is coming due, and I can’t qualify for a refinance because my DTI is too high without being able to utilize my short term rental income (next tax period I can). Any thoughts on getting this hard money loan paid off and going into a lower cost of capital?

Thanks.

Damon

Timestamps
[00:38] Using new appraised value with a true projection based DSCR lender
[00:49] You can use a system similar to AirDNA
[01:15] What can you do once you’ve added the income on your tax return?
[01:25] No pre-payment penalty by using stabilized bridge loan
[01:29] An interest-only loan, no DSCR requirements, credit score, etc.
[01:38] How many months of term can you do?
[01:52] When will you if you can already refinance conventionally?
[01:57] What to do when the rates come back down?
[02:12] If you want a FAST answer, book a call at http://bookwithbeau.com/
[02:27] Go to investorfinancingpodcast.com/ask to ask other questions

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#StabilizedBridgeLoan #bridgefinancing

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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