Short Term Rental Financing

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The best option for short term rental loans for your investment property.

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Use our DSCR loan for Airbnb short term rentals – Purchase, refinance or cash out

American Association of private lenders member

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Short Term Rental Loans

Short-term rental properties are becoming more and more popular, as is the search and need for short term rental loans. It can be tough to find the financing you need to get started in this growing market. The traditional lenders like banks and credit unions just don’t understand the short-term rental market. They’re not set up to finance these types of properties and they’ll often make it difficult for you to get a loan. At HardMoneyman.com LLC, we specialize in loans for real estate investors who own or are looking for financing on their short term rental properties. We understand the unique needs of this market and we’re here to help you get the financing you need to succeed.

Short Term Rental Financing

Loan for Vacation Rental Property

If you are looking to purchase a vacation rental property, you may want to consider taking out a loan. There are various loan options available for vacation rentals, such as cash-out refinance, HELOCs (Home Equity Line of Credit), and new loans. Depending on the lender, financing a second home typically requires a higher down payment from the buyer than a first home mortgage. Additionally, Federal Housing Administration (FHA) loan options are not available for vacation homes or vacation rentals since they are currently restricted to primary residences. When applying for a mortgage for a second home or vacation residence, it is important to understand the challenges that come with it and be aware of all your options.

DSCR Loan for Airbnb

DSCR loans, or Debt Service Coverage Ratio loans, are a great option for investors looking to purchase vacation properties. These loans are based on rental income generated from the property rather than personal income, allowing investors to qualify for financing even if their own income is not sufficient. DSCR loans also do not require tax returns or verification of income, making them an attractive option for those who want to invest in vacation properties without having to provide extensive documentation. With a DSCR loan, investors can rest assured that their monthly mortgage payments will be covered by the rental income generated from their property.

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 Trustindex verifies that the original source of the review is Google. Ken has always been there every step of the way to get my loan closed. No matter what time of the day I called, he was there. I would definitely recommend him, especially if other lenders have already said no. He’ll get it done!
  
 
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   Mike Stallings 
 
 
 
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   David Ali 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ken is a valuable partner in business no nonsense type whom some would call abrasive but I appreciate because he has always been straight forward rates may be a bit higher but he can close. He is my go to lender whenever I need to close a deal.
  
 
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   Amadou Diallo 
 
 
 
 Trustindex verifies that the original source of the review is Google. The best hard money man in the universe! Fast, prompt, efficient, organized! Will get the deal done if it makes sense!
  
 
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   Frankies Beverage 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ken always goes above and beyond to help out lenders    Will continue to work with him
  
 
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   Jermaine Smith 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great company, straight forward and fast results!
  
 
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   Javier Maldonado Cortes 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ken from Hard Money Man provided me with the first bridge loan for my first fix and hold property and the entire process of was and continues to be seem less. We have become friends & will continue doing  business .
  
 
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