DSCR Loans

Does A Llc-owned Short-term Rental Still Need Your Guaranty — Yes.

Qualification runs on the property’s rental income, documented either through twelve months of platform history or an appraiser’s short-term-rent analysis.

Does A Luxury Short-term Rental DSCR Loan Override A Below-market Lease — No.

Coverage still matters, but property classification sets the ceiling first.

For a leased property, the lender takes the lower of the signed lease amount or the appraiser’s market-rent opinion.

If there’s a signed 12-month lease, or the borrower plans to rent long-term, the file runs on lease income.

Founders who just sold a company or exited a portfolio often assume their liquidity solves every financing question at once. It doesn’t.

The loan qualifies on the property’s projected or documented nightly income, not the co-owners’ personal tax returns.

In Lendmire’s network, condotels get financed up to 75% loan-to-value on a purchase and 65% on a refinance, capped at $1,500,000, subject to underwriting.

What shows up is the LLC, trust, or corporation the office uses to hold title, plus a personal guarantor standing behind it.

Does A Full Year Of Bookings Lift Leverage On A Vacation Rental Loan — No, not by itself.