Short-Term Rental (STR) DSCR Loans underwrite Airbnb, VRBO, and direct-booking vacation properties using actual 12-month platform payout ledgers or AirDNA Rentalizer market projections instead of traditional long-term Form 1007 leases—delivering up to 80% purchase LTV and 75% cash-out LTV with zero personal income verification.
Yes. On an acquisition or newly converted vacation rental without 12 months of operating history, our wholesale STR DSCR shelves use 80% to 100% of AirDNA Rentalizer gross annual revenue divided by 12 to calculate qualifying DSCR up to 80% LTV.
Wholesale STR underwriters use gross host payouts deposited into your bank account (which include cleaning fees collected from guests net of Airbnb’s 3% host service fee), applying either a 0% or 20% expense factor depending on the credit shelf.