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- Loans for Short Term Rental Portfolios
Loans for Short Term Rental Portfolios
Loans for Short Term Rental Portfolios
Short Term Rental Portfolios NOW Have A Funding Source
Short term rental (STR) properties have floated around in this financing "grey zone" for many years now. It’s undeniable that they’re a very real way to generate income and wealth utilizing whatever real estate you have at your disposal depending on your market. However, it's been difficult to underwrite STR properties as cash flow generating properties for financing reasons because it’s neither a traditional rental unit, nor a hotel. But, it’s also not a SFR or a condo, so what is it? What it has been is an asset type sitting on the sidelines waiting for the right group to come along that recognizes its full potential and has the courage to buck long established trends. Well, that time has finally come. We had an illuminating talk with commercial real estate lender that understands that STRs are a wave of the future, and they want to get in on the ground floor. They’re offering 30-year fixed loans for portfolios of STRs. If you have been "picking yourself up by the bootstraps" when it comes to your STR properties we have a capital source that will value you properties appropriately and can lump them into a portfolio and provide up to 80% LTV across the whole group, or take them one at a time. Best of all, they’re hungry for deals and have money burning a hole in their pocket. They’re looking for:
Loan Size: Min $5M - No Max
Up to 80% LTV
Starting Rate: 6%
Term: 30-Year Fixed
Geographics: Nationwide
If you have a deal that fits these parameters done wait, reach out to us today and let's start working!
P.S.
If you're brand new to the EN Capital newsletter; each week we promote a new capital source for a variety of commercial real estate properties. So if the above lender is not relative to you, the chances are high that we'll have the perfect capital source for you soon.
P.P.S.
EN Capital is a commercial real estate mortgage brokerage shop.
We are not direct lenders. Seriously, every time we do a blast some guy responds and gets pissy when he realizes we're brokers. It's on the top of our website, LinkedIn, clear in all our marketing. We honestly don't know how to make it more obvious. Don't be that guy.
P.P.P.S.
If you have a commercial real estate deal, unrelated to the above, that needs capital right now reach out to us and let's chat!
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Connect with EN Capital President, Nate Whigham on Linkedin Here
Connect with EN Capital Associate, Justin Ashcraft on Linkedin Here
Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Direct Line: 310-465-9210