U.K. Investor’s Win: Mastering Short-Term Rental Financing in Florida’s Market
Foreign Investor’s Success in Florida’s Short-Term Rental Market Short-term rental financing is a niche loan product. DAK Mortgage recently guided a U.K. client based in the Cayman Islands to successfully close a $1,755,000 cashout refinance for his short-term rental property in Reunion, Florida, unlocking capital for further investments. Efficient Loan Processing for a Seven-Figure Cashout […]
$2.5M Jumbo Purchase Of Luxury Condo Despite Association Having Zero Reserves
Our client, who recently moved with his family from New York to South Florida went under contract with the developer to purchase a newly constructed condominium in a high-rise luxury building in Sunny Isles Beach, Florida for $2.5 million. Although he had an excellent credit score, a low debt-to-income ratio, and was able to show […]
Purchase Loan for 29.22-Acre Ranch
Our client was under contract to purchase a gorgeous ranch-style house sitting on 29.22 acres in Central Florida. The loan file had two main challenges. First, buying large-acreage properties like rural homes, farms or former farms, and land is a lot different from buying a house in the suburbs. Here, due to the large acreage […]
DSCR Loan to Refinance Investment Property in Surfside, Florida
Our client and his brother recently inherited their parents’ home after both parents passed away. Our client wanted to buy out his brother’s interest in the property and retain the property as a rental investment property. However, our client could not qualify for a traditional mortgage. As a commission-based employee, he did not show consistent […]
Bridge Loan to Purchase Vacant Land in Miami
Our client was under contract to purchase a vacant lot of land in Miami, Florida. As most borrowers do, he took his chances and applied for a traditional loan. However, he had several income issues, including: Negative adjusted gross income on his tax returns due to his self-employment status; No steady track record of income […]
Bank Statement Program to Purchase Investment Properties in Connecticut
Our client, a self-employed entrepreneur and social media influencer in the entertainment and podcasting industry, was looking to grow his portfolio of rental investment properties. He went under contract to purchase two properties in Connecticut, a 2-unit (duplex) and a 4-unit (fourplex). Ideally, he wanted to qualify for a traditional loan using his tax returns. […]
DSCR Loan For Texas Investment Property
Our client had a problem. She was under contract to buy a cottage-style home in Texas to use as a rental investment property. However, she was having no luck finding a lender willing to lend to her. Her income was negatively impacted by the COVID pandemic as well as her ongoing divorce. Therefore, she was […]
DSCR Loan for U.K. Foreign National to Purchase 10-Acre Property in Cooperstown, New York
Our client, a foreign national from the United Kingdom, was in a tough spot. He was under contract to purchase a 10-acre colonial home in Cooperstown, New York as an investment property. His previous mortgage broker, however, was not able to get him approved for a loan. There were multiple challenges with his loan request. […]
$2.1M Refinance for Venezuelan Foreign Nationals on Sunny Isles Beach Ultra-Luxury Condo
Our clients needed a rate-and-term refinance of the private note on their investment condo unit in the ultra-high-end Jade Signature, recently named as a top ten international skyscraper. Their primary goal was to lower their 9.75% interest rate and increase the property’s monthly rental income cash flow. However, our clients faced several challenges. First, they […]
Construction Loan For First-Time Builder
Our client came to us with a specific problem. Having recently purchased a parcel of vacant land in Florida, our client was eager to get started on the construction phase to build a single-family home. However, as a new general contractor with zero projects under his belt, he was getting denied by lenders across the […]
