Vacation Rental Loans Richmond, VA
Financing Solutions for Vacation Rentals in Richmond, VA
From Downtown to the Museum District, Shockoe, Carytown, and all places in between, the demand for vacation rentals, AirBNB, and short-term rental properties in Richmond, VA is on the rise. At Fortis Funding, we work with property investors throughout Richmond, VA to provide tailored financing solutions so they can purchase, renovate, and even refinance vacation rental properties. As a Virginia-based firm, Fortis Funding has successfully financed vacation rental transactions of all types in Richmond, from first-time property investments to multi-unit rentals, on up to new construction.
Funding for Short-Term Rentals in Richmond, VA
Summer vacation homes, weekend rentals for visitors, and other short-term rental properties are increasing in demand throughout Richmond, VA. Fortis Funding offers accessible and fast financing to local commercial real estate investors who want to purchase, convert, renovate, or build short-term rentals in the Richmond area. Our financing program features:
- Loan amounts ranging from $50,000 up to $1 million
- Minimum credit score of 660 to qualify
- No debt-to-income for qualifying applicants
Our financing program for short-term rentals in Richmond, VA can be applied to the following property types:
- Single-family rentals of 1-4 units
- Condos
- Planned unit developments
Long-Term Vacation Rental Financing in Richmond, VA
Whether people are looking for extended stays in Richmond, or they are scouting out places to stay while they work in the area, there is a rising demand for long-term rentals. At Fortis Funding, we understand the challenge facing property investors who need efficient financing with fast closings. We cut through the red tape so property investors in Richmond, VA can get the financing they need for long-term rental properties. Our program for long-term vacation rentals includes:
- Loan amounts starting at $500,000 (no maximum)
- Terms up to 30 years
- Full amortization
- Non-recourse
- Minimum property value: $60,000
- Minimum credit score of 660 (620 for experienced borrowers)
- Property types include SFR 1-4, PUDs, and condos
- Fast closings
- Low interest rates
Single-Family Vacation Rentals in Richmond, VA
Fortis Funding offers financing solutions for single-family vacation rentals in Richmond, VA that feature:
- Loan amounts from $250,000 up to $2.5 million
- Terms up to 2 years
- LTV up to 70%
- Cash-out options available
- Non-recourse financing
- No prepayment penalties
- Low interest rates
- Available for acquisitions, rehab, refinancing, and cash-out refinancing
Financing for Multifamily Vacation Rentals in Richmond, VA
For multi-unit vacation rentals in the Richmond area, Fortis Funding offers the following financing program:
- Loan amounts from $1 million up to $7.5 million
- LTV up to 80%
- Terms from 5 to 20 years, depending on the specifics of the transaction
- Amortization up to 30 years
- Step-down prepayments
- Borrower rebates
- Applicable to stabilized properties
Contact Us Today
Whether you are lining up your first vacation rental investment property, or if you want to renovate, build, or refinance existing vacation rentals in your portfolio, Fortis Funding can help. Contact our team today to learn more about our financing options for vacation rentals in Richmond, VA.