Short Term Rental Financing
The best option for short term rental loans for your investment property.
Use our DSCR loan for Airbnb short term rentals – Purchase, refinance or cash out
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.
Shaun Dozier2022-10-27My company has closed over 5 deals with Ken Vesely . He's very knowledgeable and will get it done . Good communication and responsive!Demetri Williams2021-04-09This is the best lender I've used for all my deals. Very fast and efficient. Never any glitch always a smooth sail to closing. Don't waste your time using someone else.Dario Olivere2021-01-05I have closed multiple deals with Ken. He’s to the point, very straight forward and won’t lead you on. He’s helped guide me along the way. I will always recommend him to my friends and I will always use him for my deals.Tom Tinsey2021-01-05This was my first time using any type of hard money financing so I had tons of questions along the way. Ken answered every one and even helped me out a lot with great recommendations as far as building my real eatate portfolio. Look forward to working with him on future deals and would recommend. No nonsense. No bs. All buisness!!Brandi Pernell2021-01-05The experience my husband’s and my company (Kingdom Realty, LLC) had with HardMoneyMan.com, LLC/Ken Vesely was five-star, from our very first interaction to closing. Ken is efficient, responsive, transparent and extremely knowledgeable. He kept his word on all things discussed, with no surprises along the way, which is extremely important with matters such as these. This was Kingdom Realty LLC's first experience with a hard money loan. Ken took the time to answer all of our questions and taught us a lot throughout our loan approval process. We closed our deal in less than 30 days; and would have closed sooner had it not been for the holidays. We are very much looking forward to working with HardMoneyMan.com LLC for our next deal, and strongly recommend this company to others looking to invest in real estate, close a deal quickly, and learn some tips along the way.Christian Rodriguez2020-10-22I have worked with Ken multiple times and every transaction was a breeze if I have to recommend a straight forward Hard Money Lender, Ken is the man to go withChristina McCann2020-03-03Great company great experienceJoe Matthews2020-01-09Dealing with Ken and his team is flawless. The process is very streamline from start to finish with excite communication throughout the process
