Loan Product for Vacation Rental Financing that Doesn’t Qualify for a DSCR Loan

Loan Product for Vacation Rental Financing that Doesn’t Qualify for a DSCR Loan

I’m looking into buying some vacation rental properties. I already own a vacation home that I use that I financed using a conventional mortgage. This would strictly be for investment purposes. The problem I’m running into is the purchase price does not qualify for DSCR loans when they look at long-term rents.

Is there a loan product that would work well for this type of vacation rental?

Thanks Beau!!!
Lily

Timestamps
[00:35] Verifying 12 months of the seller’s operating income history
[00:44] Do a two-year stabilized bridge loan for rent ready properties
[00:55] Bank statement program
[01:28] Book a call at http://bookwithbeau.com/

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_________________________________________________________________________________________________ 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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