Are There Loan Programs Optimized for Vacation Rentals?
Yes, Ideal Location Homes has partnered with Investment Grade Income Property, LP and through their private lending network we have created a Vacation Rental Loan Program that is meant to be scalable. There is no hard limit to how many properties an investor can finance with us. We provide purchase and refinance financing up to 80% LTV
How Are Vacation Rental Homes Underwritten?
We underwrite vacation rental real estate in drive-to lifestyle destinations. From town centers to backcountry locations. Wherever your ideal location is.. in town, in the mountains, along a river or lake, or along a beach.
Our vacation rental loan program is underwritten based on property-level cash flow and borrower credit rather than the borrower’s income.
As a result, our vacation loans are the market leader for self-employed investors and syndicators and multi-owner families building a portfolio of vacation rental properties.
The national mega trends of Vacation Rental By Owners ( VRBO ) and AirBnb’s underwriting of short-term rentals are focussed on micro-market data to calculate the earning potential of each property. Comparable daily rental rate property information and local seasonal trends allow for occupancy projections.