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Stabilized Bridge Loan is the Best-Kept Secret in Short-term Rental Financing
About 10 months ago I bought a fixer upper and renovated the property using a private money loan. The property is operating as an STR (short-term rental) and doing very well. My loan is coming due, and I can’t qualify for a refinance because my DTI is too high without being able to utilize my short term rental income (next tax period I can). Any thoughts on getting this hard money loan paid off and going into a lower cost of capital?
Thanks.
Damon