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SHORT-TERM RENTAL LOANS

AirBnb, VRBO, and all those money-making Short-Term Rentals

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Whether you are looking to acquire a short term rental property or tap into the equity of one of your existing short term rental properties, we’ve got you covered!

Alternative Adventures’s approach is unique in that we use the income of the property rather than the income of the individual to qualify you for a loan. That means no Tax Returns, W2’s, DTI, or personal income required when applying for a loan.

How to qualify

We will use 1 of the 3 different types of property income to qualify the loan. Whichever income debt-covers and provides the best rates will be used.

12+ months of actual short term rental income

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Projected short term rental income

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Market rental rates

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Asset Types

  • Single Family Homes

  • Townhomes

  • Condos

  • 2 - 4 Units (Duplex, Triplex, Quadplex)

  • Multi-Family: 5 - 8 Units

  • Mixed-Use: 2 - 8 Units

Loan Terms

Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)

Purchase LTV: Up to 85%*

Rate & Term Refinance LTV: Up to 80% 

Cash Out Refinance LTV: Up to 80%**

Amortization: 30 Year & 40 Year Amortization Options Available

Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed

Floor Rate: 5.75% (subject to change daily due to market volatility)

Full Recourse: with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)

DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.

Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.

Average Time to Close: 14 to 35 days

*85% Purchase min credit score 700 max loan $1M **80% Cash Out min credit 740 max loan $1M

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Don’t see your question answered here?

We’re here to help. Fill out our contact form and we will get back to you with more information.

Curious to know if you can apply to get financing for your investment property in your area?

Check out all the sates we service and see if you could qualify! Our lending partners lend across the county in 48 states.

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