Airbnb Loans

Purchasing or refinancing an Airbnb property?

We specialize in loans for Airbnb properties. Our private lenders offer competitive rates for real estate investors looking to finance or refinance:

  • 1-4 unit rental properties
  • single family rental properties
  • short-term vacation rentals

Benefits of working with us:

  • Rates start at 6.875%
  • No personal income verification
  • No personal tax returns
  • No lease requirements
  • Property income is assessed based on AirDNA projections.

Types of Airbnb Loans

Here are the different types of Airbnb loan programs we work with.

Single-Family Rental Property Loans

  • Property type: SFH, condo or 2-4 unit
  • Minimum loan amount: $75k
  • Maximum loan amount: $2m
  • Purchase/refinance LTV: Max 80%
  • Cash out refinance LTV: Max 75%
  • Loan types: Interest only, fixed rate, ARM’s, fully amortizing

Rental Portfolio Loan Consolidation

  • Consolidates 5+ rental properties
  • One loan
  • Minimum loan amount: $500k
  • No maximum loan amount
  • LTV: Maximum 80%
  • Loan types: Interest only, fixed rate, ARM’s, fully amortizing

Short-Term Vacation Rental Loans

  • Short-term vacation rentals
  • Listed on AirBNB, VRBO, Zillow, etc
  • Minimum loan amount: $75k
  • 0.75+ DSCR
  • LTV: Maximum 80%
  • Loan types: Interest only, fixed rate, ARM’s, fully amortizing

Minimum Loan Requirements for Airbnb Loans

Minimum Credit Score: 660

Every lender has different loan requirements for Airbnb loans. Traditionally, hard money lenders won’t run a hard credit pull. However, they’ll still run a soft pull on your credit score. Since higher credit scores signal financial stability, these usually come with lower rates.

Minimum Loan Amount: $75k

The lending industry standard is usually a minimum of $75,000.

Minimum Documentation

  • Driver’s License/State ID
  • Articles of Incorporation (Inc)
  • Article of Organization (LLC)
  • LLC Operating Agreement
  • EIN Number or Letter
  • LLC Certificate of Good Standing

Ability to Pay Monthly Payment

One of the most important borrower qualifications, is the ability to pay the monthly payments. Private lenders may require at least 6 months of monthly mortgage payments (cash reserves) or they’ll use potential monthly cash flow (rental income).

Ability to Repay the Loan

If you are purchasing an investment property, underwriters will check the fair market rent estimates and average rental prices. If you are refinancing, they’ll ask for a signed lease agreement or they’ll check current rental market trends.

Access to Down Payment

If you’re purchasing an Airbnb property, you may need to put down a 10%-35% down payment. This depends on the purchase price, market value, current interest rates and your credit score.

Curlee Capital LLC

Curlee Capital’s Airbnb loans is the perfect vehicle to supplement and diversify your real-estate portfolio with 30-year fixed rates. Our credit box offers competitive rates starting at 6.875%. This product is ideal conduit if you have completed a fix and flip and would like to hold the property to generate rental income, or if you simply want to acquire an investment rental.

We’ specialize in Airbnb loans, fix and flip loans, bridge loans, commercial real estate loans and more. We’re part of the Real Estate Council in Austin (RECA), Austin Chamber of Commerce and proudly maintain an A+ rating on Better Business Bureau.

Free Consultation

Call us at (512) 399-4476 to discuss how a Airbnb loan can work for your real estate investment.

Contact us to get:

  • Free consultation
  • Airbnb loan expertise
  • Less than 1 hour response time
  • Up to 80% LTV

Email:

john@curleecapital.com

Phone:

(512) 399-4476

Text:

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