We can secure the most cost effective, asset-based financing for your nightly rental business in California. Investment properties which utilize Air Bnb, VRBO, Sonder, etc have been notoriously difficult to get a mortgage on. We make things simple. We don’t calculate the borrowers DTI at all. We strictly look at the Debt Service Coverage Ratio. We use up to 110% of market rents to calculate the DSCR and simply need greater than a 1.0, a strong FICO, and an experienced investor. There is no reason to settle for hard money when you could be in a 30 year term, fully amortized with rates closer to conventional.
-Non Owner Occupied Only
-Available throughout California, Colorado, and Hawaii
-5/1, 7/1, 10/1 ARMs, 30 year fixed, and 10 year interest only options available
-Minimum 700 FICO
-Up to 80% LTV on purchases (Prior investing experience required)
-Up to 75% LTV on refinances (Cash Out or Rate/Term)
-No Personal Income Verification
-No Tax Returns Required
Questions? Contact Alex Bekeza Today!