Short-Term Rentals

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.

– A multi-member LLC is taxed as a partnership by default under IRS rules, unless the members file Form 8832 to elect corporate treatment.

Two tracks, two numbers, and furnishings only show up in one of them. That split trips up more borrowers than almost any other part of an STR DSCR file.

It’s financeable. It’s just not financed the same way. That’s the honest answer. Now here’s what actually happens on a file.

Keep those two things apart on paper, and the file behaves.

How A Short-Term Rental DSCR Loan Separates Furnishings From Property Value — The appraisal splits into two lanes.

Fannie Mae and Freddie Mac exclude condo-hotels outright, so condotel buyers land in non-QM territory whether they like it or not.