On behalf of a client in Colorado who owned an investment property townhouse in Coral Springs, Florida, we obtained a $250,000 rate-and-term refinance that locked him in a 30-year conventional mortgage with a 4.875% fixed interest rate. His old loan was an adjustable-rate mortgage (ARM) with an interest rate that was about to increase significantly. Additionally, because his property was under water, he needed a loan-to-value ratio (LTV) of 117%. We were able to find him a lender willing to extend that LTV. As such, he will be able to save with the new loan terms, while continuing to collect rents on the property from his tenant.
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
